Today: October 22, 2016, 1:46 am

Australia wealth market: HNWIs held almost $900 billion in 2012
Australia 2013 Wealth Book: Western Wealth, Eastern Growth - a new market research report on 2014-04-21 18:09:03
There were just over 302,000 HNWIs in Australia in 2012. These HNWIs collectively held US$899 billion in wealth, which equated to 15.5% of the total individual wealth held in the country. Australian HNWIs over performed compared to the global average during the review period - worldwide HNWI volumes decreased by 0.3%, while Australian HNWI numbers increased by 19.7%.At the end of 2012, Australian HNWIs held 22% (US$198 billion) of their wealth outside their home country, which is in line with the global average of 20-30%.There were 2,741 UHNWIs in Australia in 2012, with an average wealth of US$121 million per person, making them the prime target group for wealth sector professionals. Of this total, there were 23 billionaires, 625 centimillionaires and 2,093 affluent millionaires.Sydney has the largest number of HNWIs in the country with a 27% share, equivalent to 81,400 individuals. Sydney is followed by Melbourne with 16.6% of HNWIs, equivalent to 50,000 individuals. There are also sizable HNWI populations in Brisbane (25,300) and Perth (21,860).

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