Levels of wealth continue to rise for Australians
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Levels of wealth continue to rise for Australians

One particular asset group leads the way when it comes to building wealth in Australia

By KANEBRIDGE NEWS
Thu, Sep 28, 2023 1:39pmGrey Clock < 1 min

Australians are wealthier than they were last quarter – and it’s thanks to rising property values, new data from the ABS has shown.

Information released by the Australian Bureau of Statistics shows that household wealth rose for the third consecutive quarter, up 2.6 percent to June 2023. This is the equivalent of $379 billion and brings total household wealth up to $15.1 trillion.

ABS head of finance statistics, Dr Mish Tan, said there was a clear driver at play. 

“Household wealth has grown alongside increasing house prices this year,” Dr Tan said. “Population growth has supported demand for housing while the supply of new and established dwellings to the market remained constrained.”

However, statistics also showed household budgets were under pressure with household deposit accounts contracting by $6 billion, the first quarterly decline since June quarter 2007.



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ART+ UNVEILS MAJOR ART ACTIVATION AT FORUM DOUBLE BAY

A new collaboration between ART+ and Forum Double Bay is bringing museum-quality artworks and a large-scale mural into the workplace.

By Jeni O'Dowd
Tue, Jun 2, 2026 2 min

One of Sydney’s newest premium workplace destinations has unveiled a major art activation designed to transform the traditional office experience.

Contemporary art curator ART+ has partnered with Forum Double Bay to deliver a curated art program throughout the recently opened workspace, anchored by a large-scale mural from Australian artist Vicki Lee in the building’s central atrium.

The collection also includes works by internationally recognised artists Sebastian Magnani, Alan Walsh, Terry O’Neill, Tyler Shields and Alexander Calder, creating what the partners describe as an art-infused environment that integrates culture into the everyday workplace experience.

Rather than treating art as a decorative addition, the program has been designed to form part of the building’s identity, creating moments of inspiration and engagement throughout the day for members and visitors alike.

ART+ founder Jay Lyon said the collaboration reflected a shared vision between the curator and developer to create workspaces that offer more than desks and meeting rooms.

“This is a unique moment to shape the way people experience workspace: not just as a place to work, but as a place to be inspired. Fortis and Art+ share that vision,” he said.

The activation comes as workplace design continues to evolve, with premium operators increasingly incorporating hospitality, wellness and cultural experiences into office environments as businesses seek to attract employees back into physical workspaces.

At Forum Double Bay, the result is a workplace that combines flexible office accommodation with a carefully curated aesthetic experience, positioning the development as a destination rather than simply a place to work.

Artist Vicki Lee said public art had the power to create an emotional connection with a space.

“What I want is for people to walk in and feel something; a connection, a surprise, a moment of beauty. That’s the power of public art,” she said.

Forum Double Bay recently opened at 377 New South Head Road and has been delivered under the development management expertise of Fortis. The project follows the success of Forum in Melbourne’s Cremorne and is operated by The Commons.

According to the release, all works within the building have been leased as part of the curated program, highlighting Fortis’ commitment to creating boutique workplace environments that blend design, hospitality and culture.

The collaboration also reflects the growing role art is playing within commercial real estate, where developers are increasingly using curated collections and commissioned works to create distinctive environments that foster creativity, community and a stronger sense of place.

For ART+, which specialises in sourcing and commissioning contemporary artworks for luxury residential, commercial and hospitality projects, the Forum partnership represents another example of art being integrated into the fabric of a development from the outset rather than being added after completion.

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