Wa boom widened wealth gap report 20140226 p5s0n2.html – Breaking News & Latest Updates 2026
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WA boom widened wealth gap: report

AAP

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The gap between the richest and poorest households in Western Australia widened during the resources boom, when the state's total wealth stock ballooned by some $270 billion, according to a new report.

The Sharing the Boom report released by the Bankwest Curtin Economics Centre (BCEC) at Curtin University on Wednesday showed there was a rise in both income and wealth inequality in the state over the period from 2003 to 2011.

The richest 10 per cent of households had about 3.8 times the income of the poorest 10 per cent of households in 2003/04. This climbed to 4.8 times in 2009/10 before falling slightly to 4.5 in 2011/12.

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"The lowest income households in the state are falling further behind, increasing the gap between the poorest families and everyone else," BCEC director Alan Duncan said.

"There have been real gains among the lowest income households, but the report shows they haven't been able to share in the benefits of the boom to the same degree as higher earners, financially at least."

The report also showed that high-income households in WA were twice as likely to be headed by a tradesman as those in the rest of Australia.

Eighteen per cent are headed by a tradesman, compared with only nine per cent of high income households in the rest of Australia.

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