Sentences with phrase «household assets rose»
Total household assets rose by 6 per cent over the year to the December quarter 2004 (Table 7), in line with income but well below the average of previous years.
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In addition, broad measures of saving have remained positive, and household wealth — assets such as stocks and homes, less debt — is on the rise.
Since the early 1980s, the proportion of household financial assets held as deposits has fallen from about 50 per cent to below 30 per cent; this has been mirrored by a comparable rise in the proportion of household assets held as claims on life insurance and superannuation funds (Graph 11).
Rising house prices have shielded the reality of increasing ownership costs, but households can't live on asset appreciation, unless they sell, take a reverse mortgage, or a line of credit against their house.
In particular, the value of most assets rises when interest rates decline, supporting gains in household wealth.
This has resulted in a further fall in the saving ratio, which appears to have been related to the substantial rise in the value of household assets over the past year.
Alongside the borrowing for the purchase of housing assets, there is the phenomenon of housing equity withdrawal, whereby households are borrowing against rising housing values to fund other forms of spending.
The main reason for the slowdown was subdued growth in dwelling prices, and hence dwelling assets, although strong growth in household financial assets, driven by rising equity prices, offset this to some extent.
Broadly steady dwelling prices and a small rise in equity markets over the March quarter are suggestive of a small quarterly increase in household assets.
Despite the increasing exposure to financial markets, household sector balance sheets remain strong, with their aggregate net financial assets rising by around 14 per cent over the year to the March quarter 1998.
With the rise of many wealth management service fees being paid separately, consumers often pay a simple household fee based on total Assets Under Management (AUM) for their family unit.
Revocable living trusts are usually a minimal first step toward protecting loved ones from the hassle and expense of a probate administration and this is especially important for high net worth households because probate costs rise as a percentage of asset values.
These risks can be due to rapid credit and asset price growth, rising household debt and leverage, or excessive liquidity.