The amount of money it takes to make it into the top 1 per cent of the wealthiest Australians has doubled since 2021.
The amount of money it takes to make it into the top 1 per cent of the wealthiest Australians has doubled to $8.25 million since 2021, according to a new report.
“A large contributor to the top 1 per cent wealth level doubling in Australia over the past two years has been prime residential property performance, recording an upward trajectory,” she says. Of the 100 prime markets tracked by Knight Frank around the world, 85 recorded positive or flat price growth in 2022.The level of wealth required to reach the top 1 per cent varies extensively depending on where you live in the world, but it has risen across the board since Knight Frank last published the analysis in itsThis year’s report also forecast significant growth for Australia’s wealthy populations over the next five years.
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