Australia UHNWIs by City: Australia’s gross domestic product (GDP) grew by 3.1% in 2012. The Reserve Bank of Australia (RBA) expects the country’s GDP growth rate to be around 2.5% in 2013 and 2.5-3.5% in 2014. There were just over 302,000 HNWIs in Australia in 2012. These HNWIs collectively held US$899 billion in wealth.
Sydney accounted for the largest number of UHNWIs in the country with a 27% share, equivalent to 81,400 individuals, followed by Melbourne with 16.6% of HNWIs, equivalent to 50,000 individuals. There are also sizable UHNWI populations in Brisbane (25,300), Perth (21,860), Adelaide (6,285) and Gold Coast (2,733). UHNWI volumes in Australia’s largest city, Sydney, increased by 18% during the review period, which was slightly above the country average. View more data or Buy full report