While ordinary Australian households tread water financially, experiencing zero growth in household disposable income over more than seven years:
Australia’s ultra-wealthy population is projected to balloon further over the next five years, according to the Knight Frank Wealth Report:
The data shows Australia’s ultra-high-net-worth-individual (UHNWI) population will rise to 4,881 by 2024, up from 3,796 in 2019, with more than 200 new ultra-wealthy people being created in Australia each year.