What Net Worth Counts as Wealthy in Australia?

If you're looking to start investing in US and global markets from Australia with zero brokerage, Trading 212 makes it simple → https://www.trading212.com/join/LUKE What net worth counts as wealthy in Australia? See the real ABS numbers for the median household, the top 20% and the $2.6 million line for the top 10%. Most Australians guess wrong about where "wealthy" starts. This video walks through the official data, step by step, in plain everyday language. You will see what the middle household is worth, why the average is so much higher than the median, and exactly where the top of the ladder begins. Chapters: 0:00 What Net Worth Means in Australia 0:36 Median Household Net Worth (ABS) 1:15 Average vs Median Household Wealth 2:01 Top 20% Net Worth and Share of Wealth 2:29 Top 10% Net Worth Threshold Australia 3:31 Sophisticated Investor Test $2.5 Million 4:05 Division 296 Super Tax $3 Million Threshold 4:42 Home and Super: Where Australian Wealth Sits 5:43 Net Worth by Age and Household Size 6:29 How Much Net Worth Is Wealthy in Australia Check out the channel's playlists for more videos on retirement, tax, investing, super, and more. Retirement in Australia → https://www.youtube.com/playlist?list=PLQLTyWVl7eWbzf4hpqj_I_WNL1xRlVQGV Tax & EOFY → https://www.youtube.com/playlist?list=PLQLTyWVl7eWZlXZQcaF3j0N85O8SieHRU Superannuation → https://www.youtube.com/playlist?list=PLQLTyWVl7eWZg_kZinVmlIYHgFcXbKGjh Investing & Wealth Building → https://www.youtube.com/playlist?list=PLQLTyWVl7eWaGPVPmfb6PF5f4sF__9cIz Salary & Cost of Living → https://www.youtube.com/playlist?list=PLQLTyWVl7eWYqAWIOqTXdxvIG_6Z6LuBf Legal Disclaimer: This video is general information only and is not financial, tax or legal advice. It does not take into account your objectives, financial situation or needs. Figures are from the sources listed and may change. Consider speaking with a licensed financial adviser before making any financial decision. 💬 Creator’s Note: Each video on this ch