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6554.0 - Household Wealth and Wealth Distribution, Australia, 2009-10  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 14/10/2011   
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NOTES


ABOUT THIS PUBLICATION

This publication presents estimates of the assets, liabilities, net worth and other characteristics of households and persons resident in private dwellings in Australia, compiled from the 2009-10 Survey of Income and Housing (SIH). It includes estimates of the distribution of net worth across the population.


CHANGES IN THIS ISSUE

Key changes in this issue include:

  • an increase in sample size from 9,961 households in 2005-06 to 18,071 households in 2009-10 due to an expansion in the SIH sample for an extra 4,200 households located outside capital cities, as well as an additional sample of metropolitan households whose main source of income was a government pension, benefit and/or allowance
  • improvements, aligning with international statistical standards, to the collection of income statistics including to:
      • incorporate non-cash benefits provided to employees;
      • incorporate termination payments and lump sum workers' compensation payments; and
      • improve the coverage of bonuses and irregular overtime payments and inter-household transfers. See Appendix 4 of Household Income and Income Distribution, Australia, 2007-08 (cat. no. 6523.0) for more information
  • the inclusion of a benchmark for the value of government benefit cash transfers to ensure that the survey estimate of government benefit cash transfers in maintained at a proportion of aggregate benefit cash transfers that is consistent with previous SIH cycles (this benchmark was last used in the 2000-01 SIH)
  • improvements to the collection of the value of assets in public unit trusts and private trusts
  • disability questions for persons aged 15 years and over were asked in the 2009-10 SIH.


REVISIONS

Minor errors in the processing of the 2005-06 survey results have been corrected, resulting in average weekly household gross and disposable incomes each being revised down by about $2.


EFFECTS OF ROUNDING

Where figures have been rounded, discrepancies may occur between sums of the component items and totals. Published percentages are calculated prior to rounding of the figures and therefore some discrepancy may exist between these percentages and those that could be calculated from the rounded figures.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Living Conditions on Canberra (02) 6252 6174, email <living.conditions@abs.gov.au>.

The Datacubes for this publication will be released on the ABS website on 19 October 2011.


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