6525.0 - Experimental Estimates of Imputed Rent, Australia, 2003-04 and 2005-06
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/05/2008 First Issue
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HOUSEHOLD NET WORTH
6.2 MEAN NET WORTH, BY EQUIVALISED DISPOSABLE HOUSEHOLD INCOME (EDHI) QUINTILES, WITH AND WITHOUT IMPUTED RENT, 2005-06 The distribution of net worth across income quintiles becomes more unequal when net imputed rent is added to income (see table 6.3). Before net imputed rent is included in income, the households in which the 20% of people with the lowest household incomes live account for 15% of total household net worth. This share declines to only 9% when net imputed rent is added to income. This decrease in the share of net worth for households in the lowest income quintile is consistent with the decrease in the incidence of households who had full ownership of their home following the addition of net imputed rent to income.
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