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Gen X now leads Boomers in property wealth, but faces financial strain despite rising home values and inheritance.
Generation X has surpassed Baby Boomers as Australia’s wealthiest generation in terms of property wealth, averaging $1.455 million in housing and land, according to a KPMG analysis of ABS data.
This shift is driven by rising home values, long-term homeownership, and generational wealth transfers as Boomers downsize.
Despite higher average net worth, many Gen Xers face financial strain due to high mortgage rates and limited liquid assets.
Millennials lag behind, hindered by property debt, while younger adults saw wealth rise during low-rate years but now face affordability challenges.
The report projects a $3.5 trillion wealth transfer over the next two decades, raising concerns about growing inequality.
La Generación X ahora lidera a los Boomers en riqueza inmobiliaria, pero enfrenta dificultades financieras a pesar del aumento de los valores de las casas y la herencia.