๐ง๐ผ๐ฝ ๐ญ% ๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ ๐๐ต๐ฒ๐ถ๐ฟ ๐ช๐ฒ๐ฎ๐น๐๐ต
How much wealth do you need to be in the top 1% of wealthiest Australians?
ย
The answer is US$5.5 million, according to research from multinational property group Knight Frank.
ย
That ranks Australia third in the world โ compared to 2021, when the benchmark was US$2.8 million and Australia ranked seventh.
ย
"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 Frankโs head of residential research for Australia, Michelle Ciesielski.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll 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.
