Australia The Future of HNWIs to 2015, Western Wealth, Eastern Growth


#89188

129pages

WealthInsight

$ 4995

In Stock


Synopsis

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

Summary

Australia has the third highest wealth per capita in the world and a large number of HNWIs. This report not only provides detailed forecasts on expected HNWI asset allocation of Australias HNWIs and UHNWIs to 2015, but gives the reader the crucial insight necessary to effectively act on those projections. In addition to providing a comprehensive and robust background of the Australian economy, including, uniquely, detailed analysis of economic and political risks to HNWI wealth creation, the report provides robust projections of the volume, wealth and asset allocation of Australias HNWIs. The report also couches these findings in an analysis of Australias Wealth Management and Private Banking sector, and the opportunities therein. What really sets the report apart is its analysis and presentation of the demographic trends and findings of the proprietary WealthInsight HNWI Database.

Scope

The report features: 

  • Independent market sizing of Australias HNWIs
  • Most up to date and thorough analysis of the demographic breakdown of Australias HNWIs
  • Volume, wealth and allocation trends from 2007 to 2011 
  • Volume, wealth and allocation forecasts to 2015 
  • City specific ratings and breakdowns of wealth, wealth growth and industries that HNWIs work in for each city
  • 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 HNWIs in each major city, by industry and other measures

Key Highlights

  • There are just over 274,000 HNWIs in Australia, with an average wealth of US$3.1 million per person and a combined wealth of US$845 billion.
  • The number of Australias HNWIs increased by 8.9% (2.2% pa) over the review period (2007-2011), while total wealth grew by 0.9% (0.2% pa). 
  • Australian HNWI 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. 
  • The number of Australian HNWIs is expected to rise by 20% (4.7% pa) from 2011 to reach over 330,000 individuals by 2015, while HNWI wealth will grow by 26% (6.0% pa) to reach US$1.1 trillion in 2015. Most of the growth in wealth will be driven by the lower-tier millionaires, whose wealth is expected to rise by over 33%.
  • 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.