The Australian Wealth Market Map

Published by: Datamonitor

Published: Oct. 2, 2006 - 71 Pages

Table of Contents

CHAPTER 1 INTRODUCTION

What is this report about?

Who is the target reader?

How to use this report

CHAPTER 2 THE AUSTRALIAN WEALTH MARKET MAP

The Australian market looks to be attractive for wealth management versus other markets

Australia's wealth market is attractive in its own right

Retail wealth has grown well

Affluent wealth in Australia is growing strongly

And the affluent population is growing accordingly

Regionaly the wealth market map reveals considerable differences

The value of individual wealth held in each state varies

The wealth in each state displays definite characteristics

Income distribution too varies by region

Across Australia the number of high-income individuals is growing

The income distribution in each state varies greatly

There are a few postcodes around the country that display rapid growth in average income

Through analysis of the wealth map there are clearly gaps that competitors can take advantage of

Competitor coverage is confined to small areas

As a result some areas have been overlooked

Two state capitals are totally overlooked

And rural areas in QLD and WA could offer potential

Individual wealth creation in Australia will slow

Overall wealth will grow strongly, but will not match historical trends

But regional growth will differ greatly

CHAPTER 3 APPENDIX

Data

State/ territory specific wealth data

Definitions

AAGR

Affluent

CAGR

Gini index

Liquid assets

Liquid asset bands

Research methodology

The Global Wealth Model

The UK sub model

Asia-Pacific sub model

Forecasting methodology

Datamonitor's wealth numbers compared with others' numbers

Bespoke Wealth Market Sizing

Further reading

Datamonitor Asia-Pacific Wealth Reports

Datamonitor Asia-Pacific Insight Reports

Datamonitor Global Wealth Service: Competitor Tracking

Asia-Pacific contacts

List of Tables

Table 1: NSW dominates the list of the top ten suburbs ranked by average income

Table 2: VIC and WA are home to the fastest growing postcodes by average income

Table 3: Private banking, wealth management and premier banking suites around Australia, by state/ territory

Table 4: Domestic market capitalizations of selected Asia-Pacific stock exchanges, 1999-2005

Table 5: Growth and number of individuals with more than USD60,000 in liquid assets across various Asia-Pacific countries, 2001-2010

Table 6: Real GDP growth across selected Asia-Pacific countries, 2001-2005

Table 7: Components of Australian retail liquid assets, 2001-2005

Table 8: Liquid assets of affluent individuals in Australia, 2001-2005

Table 9: Number of affluent individuals in Australia, 2001-2005

Table 10: Share of liquid wealth in Australia by state/ territory, 2005

Table 11: Growth of affluent assets, affluent population as a percentage of total adults and value of affluent assets across the eight Australian states and territories, 2001-2005

Table 12: Indexed Gross State Product, 2000-2005

Table 13: Value of taxable income earned by those with annual income of more than AUD100,000 per annum, 1999-2004

Table 14: Share of high income individuals in Australia by state/ territory, 2004

Table 15: Growth of high income individuals, high income individuals as a percentage of total adults and number of high income individuals across the eight Australian states and territories, 2001-2005

Table 16: Liquid assets of affluent individuals in Australia, 2006-2010

Table 17: Number of affluent individuals in Australia, 2001-2005

Table 18: Growth of affluent assets, affluent population as a percentage of total adults and value of affluent assets across the eight Australian states and territories, 2006-2010

Table 19: Value of affluent assets and number of affluent individuals in New South Wales, 2001-2005

Table 20: Value of affluent assets and number of affluent individuals in New South Wales, 2006-2010

Table 21: Value of affluent assets and number of affluent individuals in Victoria, 2001-2005

Table 22: Value of affluent assets and number of affluent individuals in Victoria, 2006-2010

Table 23: Value of affluent assets and number of affluent individuals in Queensland, 2001-2005

Table 24: Value of affluent assets and number of affluent individuals in Queensland, 2006-2010

Table 25: Value of affluent assets and number of affluent individuals in South Australia, 2001-2005

Table 26: Value of affluent assets and number of affluent individuals in South Australia, 2006-2010

Table 27: Value of affluent assets and number of affluent individuals in Western Australia, 2001-2005

Table 28: Value of affluent assets and number of affluent individuals in Western Australia, 2006-2010

Table 29: Value of affluent assets and number of affluent individuals in Tasmania, 2001-2005

Table 30: Value of affluent assets and number of affluent individuals in Tasmania, 2006-2010

Table 31: Value of affluent assets and number of affluent individuals in the Australian Capital Territory, 2001-2005

Table 32: Value of affluent assets and number of affluent individuals in the Australian Capital Territory, 2006-2010

Table 33: Value of affluent assets and number of affluent individuals in the Northern Territory, 2001-2005

Table 34: Value of affluent assets and number of affluent individuals in the Northern Territory, 2006-2010

Table 35: Wealth markets that have been modeled using the Global Wealth Model

List of Figures

Figure 1: The ASX only fell slightly in comparison to many exchanges during the tech crash

Figure 2: The number of affluent individuals has grown strongly in Australia over the 2001-2005 period relative to other developed markets in Asia-Pacific

Figure 3: Australia's Real GDP Growth has remained relatively stable over the 2000-2006 period at between 2% and 4%

Figure 4: Direct equity investment and collective investments have grown at the fastest rates over the 2001-2005 period

Figure 5: The value of liquid assets held by affluent individuals in Australia has grown at a rate of 10.8% compounded annually over the 2001-2005 period

Figure 6: Individuals with between USD60,000 and USD800,000 in liquid assets have grown strongly over the 2001-2005 period

Figure 7: Those with more than USD800,000 (~AUD1m) numbered 80,000 in 2005

Figure 8: The pots of affluent wealth in each state vary greatly in size

Figure 10: Gross State Product (GSP) in QLD, WA, ACT and TAS grew fastest over the 2001-2005 period, contributing to growth in wealth

Figure 9: The fastest growth in affluent wealth has occurred in QLD, NT and WA, while ACT and TAS are home the highest proportion of affluent individuals versus total adult population

Figure 11: High-income individuals in Australia numbered almost 360,000 in the 2003-2004 tax year and earned AUD71bn in income

Figure 12: NSW and VIC accounted for a large proportion of high-income individuals

Figure 13: QLD, WA and NT saw the fastest growth in number of high income individuals over the 1999-2004 period

Figure 14: Typically the offices and private banking suites of the major players in Australia are concentrated in the major capital cities, NAB's offices offer the only notable exceptions

Figure 15: There are pockets of wealth around Australia that are overlooked by those competitors targeting wealthy individuals

Figure 16: The value of liquid assets in Australia will grow strongly over the 2006-2010 period

Figure 17: The three 'mining states' QLD, WA and NT will see the fastest growth in affluent wealth over the 2006-2010 period

Abstract

• The report offers access to key statistics from Datamonitor's proprietary Global Wealth Model.
• This report provides a clear picture of the scale and composition of affluent wealth in Australia.
• This report sizes the mass affluent and high net worth markets in the various states and territories across Australia, with forecasts to 2010.

• Find out where individual wealth is located in Australia and how fast it is growing.
• Gain an insight into the opportunities for targeting individual wealth in Australia.
• Find out which areas have been overlooked and where the greatest potential exists.

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