For the first time, Gen X has overtaken Baby Boomers when it comes to the amount of wealth they have in property, an analysis by KPMG has revealed.
Terry Rawnsley, KPMG’s urban economist, looked at ABS data released in June 2024 across four generational cohorts – Gen Z, Millennials, Gen X and Baby Boomers.
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Michelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
