Research Discussion Paper – RDP 9109 Estimates of Private Sector Wealth
October 1991
Abstract
This paper provides quarterly estimates of private non-human wealth at market prices in Australia over the past decade. These estimates are based on the methodology set out in Piggott (1987), although improvements have been made in several important areas.
The estimates suggest that private non-human wealth stood at $1,428 billion in the June quarter 1990. The dwelling stock accounted for 52 per cent of the total, business assets for 37 per cent, with the remainder being made up of consumer durables, holdings of government bonds and holdings of currency.
The paper also introduces an index of asset prices, based on the wealth estimates.