Australia now has the second-highest median wealth in the world and nearly 2 million millionaires – in US dollar terms. “So it matters whether you have a parent with an expensive house or not,” Debelle says. The Henry house wasn’t social housing, though. You’ll be able to – no question – afford a good house, have a good life. “It doesn’t just end at housing or acquiring wealth or building wealth in this generation but it can carry over to future generations,” she says.

Source: The Guardian February 16, 2026 08:01 UTC