June 27, 2025

 

(AUSTRALIAN HOUSEHOLD NET WEALTH IS GROWING)

 

June 27, 2025

 

Hello everyone

 

Apologies first for not being able to bring you the summary of John’s most recent webinar.

I, along with many of you, if not all of you, have not been able to access John’s site.  There is obviously a technical glitch.

I have informed John about this.  Hopefully, the issue will be resolved soon.

 

Australian household net worth is sitting comfortably in the trillions bracket

Australis’s personal wealth has surged by more than 57 per cent higher in just five years, on the back of rising real estate values and strong super gains.

New Australian Bureau of Statistics numbers show household net worth hit $17.3 trillion in the March quarter, rising from $16.2 trillion a year ago and up from $11 trillion in early 2020.

Property assets make up most of the household wealth, climbing 5.9 per cent or $652 billion in the 12-month period to $11.7 trillion.

However, property’s annual growth was weaker than other asset classes as Melbourne house prices remained weak and record-breaking runups in several other cities slowed.

Superannuation – where many Aussies hold their wealth – increased 6.6 per cent to $4.14 trillion, while shares and other equities rose 8 per cent to $1.57 trillion and cash climbed 8.1 per cent to $1.87 trillion.

CommSec chief economist Ryan Felsman noted that the March quarter wealth growth was the weakest since September 2022.

However, Mr Felsman expected stronger share markets from April and a pick-up in house prices following Reserve Bank interest rate cuts, which should push wealth higher for the current June quarter.

And expectations of two or three more rate cuts this year could see home prices start to life again.

 

 

 

Australia begins to trial a four-day work week

In Dubai, a four-day work week has been announced for all its public sector workers. 

Abdullah Ali bin Zayed Al Falasi, Director General of the Dubai Government Human Resources Department, said the government was aiming to balance institutional efficiency and workers’ wellbeing.

In April, Tokyo implemented a four-day work week for metropolitan government employees in a bid to boost record-low fertility rates.

Some 200 companies across the United Kingdom have also permanently implemented a four-day work week following trials with 4 Day Week Foundation.  That included charities, marketing, technology, IT and software, and consulting firms.

In Australia, high-profile companies like Medibank and Bunnings have trialled the change.

Companies will commonly implement a 100:80:100 model, where employees keep 100 per cent of their pay, have their work hours reduced to 80 per cent, but have to maintain 100 per cent of their productivity.

Bosses have cited productivity gains, reduced sick days, and significant improvements in recruitment and retention rates.

 

 

Cheers

Jacquie