Australian household wealth increased during the June quarter of 2026, supported mainly by higher superannuation assets. According to data released by the Australian Bureau of Statistics (ABS) on 24 September 2026, total household wealth rose by 1.0%, equivalent to an increase of $201.1 billion, during the quarter.

Superannuation assets provided the main contribution to the increase, rising 5.2% over the three-month period. According to the ABS, the increase reflected gains across global and domestic equity markets following comparatively lower share-price levels at the beginning of the Middle East conflict in March.

The increase in superannuation assets offset a decline in the value of residential land and dwellings, which fell 0.2% during the quarter.

Dwelling Values Record Quarterly Decline

The value of land and dwellings declined during the June quarter, marking the first quarterly fall since September 2022. Despite the quarterly decrease, the value of land and dwellings remained 8.0% higher than in the corresponding period a year earlier.

Lower residential property prices contributed to the quarterly movement. Australia's mean dwelling price declined 0.7%, with falls recorded across New South Wales, Victoria and the Australian Capital Territory.

The residential property movement contrasted with the increase recorded in superannuation assets, resulting in different trends across the major components of household wealth during the quarter.

Household Borrowing Increases 2.2%

Household borrowing increased by 2.2%, or $73.4 billion, during the June quarter. According to the ABS data, the increase in borrowing reduced overall household wealth growth by 0.4 percentage points.

Household demand for credit reached a record $72.6 billion during the quarter. The increase was driven by growth in housing loan balances as well as borrowing by private unincorporated businesses, including sole traders.

The ABS reported that new borrowing remained at elevated levels despite an overall decline in borrowing activity during the quarter, continuing to contribute to growth in housing loan balances.

Total Credit Demand Falls During Quarter

Total demand for credit reached $132.7 billion in the June quarter, declining by $24.7 billion compared with the previous quarter.

Private non-financial businesses accounted for $73.5 billion of credit demand, while households contributed $72.6 billion. This was partly offset by general government demand for credit of negative $18.3 billion.

Private non-financial businesses sourced $43.8 billion through loans and $23.6 billion through equity raising during the quarter.

General government recorded its lowest demand for credit on record at negative $18.3 billion. The movement reflected repayments by the Commonwealth government on maturing debt securities. This followed government demand for credit of $41.2 billion in the preceding quarter.

Key Takeaway

The June quarter data showed a 1.0% increase in Australian household wealth, with the total value rising by $201.1 billion. Higher superannuation assets were the main contributor, while residential property values recorded a quarterly decline.

At the same time, household borrowing increased and household demand for credit reached a record level. Across the broader economy, total credit demand declined from the previous quarter as negative general government demand partly offset borrowing by households and private businesses.