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RBA Glossary definition for billion

billion – One thousand million.

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Estimates of Private Sector Wealth

1 Oct 1991 RDP 9109
Tim Callen
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1991/9109.html

Conclusion

1 Oct 1991 RDP 9109
Tim Callen
Private wealth is estimated at $1,428 billion in June 1990. The estimates here suggest that the dwelling stock accounted for 52 per cent and business assets for 37 per cent
https://www.rba.gov.au/publications/rdp/1991/9109/conclusion.html

Estimating Private Sector Wealth

1 Oct 1991 RDP 9109
Tim Callen
She estimated owner-occupied housing wealth to be $537 billion in 1988/89. ... This is only $10 billion higher than the estimate made here for June 1989.
https://www.rba.gov.au/publications/rdp/1991/9109/estimating-private-sector-wealth.html

A Comparison with Previous Wealth Studies

1 Oct 1991 RDP 9109
Tim Callen
The estimates presented in this paper are somewhat higher than those published by the Treasury who estimated total private wealth at $1,269 billion for 1989/90.
https://www.rba.gov.au/publications/rdp/1991/9109/comparison-with-previous-wealth-studies.html

Trends in and Contributions to Private Sector Wealth

1 Oct 1991 RDP 9109
Tim Callen
These show that at the end of the June quarter 1990, private wealth was $1,428 billion. ... This compares with a figure of $405 billion in the June quarter 1980.
https://www.rba.gov.au/publications/rdp/1991/9109/trends-in-and-contributions-to-private-sector-wealth.html