The per capita wealth of Australians is almost $46,000, up $6,500 in the past three months, according to research from CommSec.
"Financial wealth now stands at the highest levels in two years and further improvement can be expected in 2010, although probably not at the same pace witnessed in the past three months,'' CommSec chief economist Craig James said.
Per capita wealth slumped nearly $20,000 as the global financial crisis took hold. That trend is now reversing.
"The improvement in financial wealth, together with higher house prices and a stronger job market will support consumer spending in 2010,'' Mr James said.
The Reserve Bank highlighted the surge in household wealth in its recent decision to lift interest rates.
