Household net worth increased by €100,674 per capita in the last three months of 2012, Central Bank figures have revealedt.
It was the second consecutive quarter increase, reaching a total of €461.6bn, represented an increase of 1% or €4.7bn over the quarter.
The rise in net worth largely reflected the continued reduction in household liabilities (€2.8bn), as well as further investment in financial assets (€2bn).
The average person in Ireland owes €37,928, according to the report.
This represents a decline of 1.7% the largest reduction in household debt since Spring 2010.
Household debt to disposable income, an indicator of debt sustainability, fell to 201.6%, its lowest level since Q4 2006.
Household Debt as a proportion of total assets also declined during Q4, to stand at 27%.
Total Government liabilities rose further during Q4 2012, reaching €214.4bn. This represented an increase of 1.4% or €3bn.
Non-financial corporation debt declined to 184% of GDP, the lowest since Q3 2010.
This represented a decline of €22bn or 14% of GDP, compared with the previous quarter.