Person S Finger Pointing Australia Country Globe Min

๐—ง๐—ผ๐—ฝ ๐Ÿญ% ๐—œ๐—ป๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ฒ ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ช๐—ฒ๐—ฎ๐—น๐˜๐—ต

How much wealth do you need to be in the top 1% of wealthiest Australians?
The answer is US$5.5 million, according to research from multinational property group Knight Frank.
That ranks Australia third in the world โ€“ compared to 2021, when the benchmark was US$2.8 million and Australia ranked seventh.
"A large contributor to the top 1% wealth level doubling in Australia over the past two years has been prime residential property performance recording an upward trajectory, resilient despite the rising cost of finance, as we know 49% of this cohort tend to be cash buyers," said Knight Frankโ€™s head of residential research for Australia, Michelle Ciesielski.

Subiaco finance brokers are here to help

Interest rate rises are here, but you donโ€™t have to fear with the right broker on your side.

The team at Sonam Capital are here to empower you through financial knowledge. Weโ€™ll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.

Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.

View All
extraMile by Dapth