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Booming house prices driving massive increase in size of inheritances to $120bn a year

Booming house prices driving massive increase in size of inheritances to $120bn a year

Booming housing wealth, unspent superannuation and lower fertility are increasing the size of Australians’ inheritances, according to the Productivity Commission.

by Shared from The Guardian | 6 Dec, 2021

Booming house prices driving massive increase in size of inheritances to $120bn a year

Despite helping the rich get richer, inheritances are nevertheless shrinking relative inequality by giving a bigger boost to poorer households’ wealth, the government thinktank found in a report released on Tuesday November 30.