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Ultra HNWIs in Australia to 2015

94 Pages WealthInsight March 01, 2012 SKU: WLIN3797888

Synopsis

This report is the result of WealthInsight’s extensive research covering the UHNWI population and Wealth Management industry in Australia. It provides market size and forecasts of UHNWI populations. By leveraging the WealthInsight HNWI Database, it provides key demographic breakdowns such as city specific data.

Summary

Australia has proved to be one of the most economically resilient first world economies in the world. This report provides historical trends and projections of the volume and wealth of Australia’s UHNWIs by city and sector. The report also reviews these findings in an analysis of Australia’s Wealth Management and Private Banking sector, and the opportunities therein.

Scope

The report features:
  • Independent market sizing of Australia’s UHNWIs
  • Volume and wealth trends from 2007 to 2011
  • Volume and wealth forecasts to 2015
  • Most up to date and thorough analysis of the demographic breakdown of Australia’s UHNWIs, including city and sector specific data
  • Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Australia
  • Insights into the drivers of HNWI wealth
  • Detailed family office information and trends from 2007 to 2011
Reasons To Buy
  • The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises up to one hundred data-points on over 100,000 HNWIs from around the world. It also includes profiles on major private banks, wealth managers and family offices in each country. With the database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover
  • Comprehensive forecasts to 2015
  • Information on sources of wealth for UHNWIs in each major city, by industry and other measures
Key Highlights
  • There are over 2,460 Ultra HNWIs in Australia, with an average wealth of US$102 million per person and a combined wealth of US$252 billion.
  • Ultra volumes grew by 11% during the review period, while wealth grew by 3.7%. This was higher than the overall HNWI wealth growth of 0.9%. The number of centimillionaires increased by 15%, the largest percentage of any wealth band.
  • Australian UHNWI volumes and wealth were positively influenced by a significant 44% rise in US dollar per capita GDP levels, which rose from US$46,000 in 2007 to US$66,000 in 2011. This in turn was influenced by a significant 19% appreciation of the Australian dollar against the US dollar over the review period.
  • Over the forecast period, we expect Ultra HNWI volumes to rise by 22%, to reach just over 3,000 individuals in 2015. Ultra wealth is projected to increase by 21% to reach US$305 billion in 2015. This will again be led by centimillionaires, who, as a group, will see their numbers grow by 25% over the forecast period.
  • Adelaide experienced the strongest UHNWI growth over the period from 2007 to 2011, with growth of 75%, followed by Perth with 52%.
  • Australia is one of the largest private banking centres in Asia, with AuM of US$350 billion. The local market is dominated by local wealth managers and family offices. The single family office segment alone constitutes over US$180 billion in AuM.

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Ultra HNWIs in Australia to 2015

WealthInsight
March 01, 2012

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