- 15 July 2016
Richest Aussies Banking On Real Estate
The Richest Aussies Are Putting Their Money Into Real Estate
Australia’s richest people are putting their money into real estate according to a World Wealth Report by technology and consulting firm Capgemini. The report ranks Australia in ninth place when it comes to global markets expected to drive growth through to 2025 Phil Gomm, from Capgemini Australia, said wealthy Australians were benefiting from strong property prices despite weaker share market investments. And for the first time in the report’s history, the Asia Pacific region, which includes Australia along with Japan and China, has eclipsed North America when it comes to the number and combined value of high net worth individuals (HNWI).
In 2015, Asia-Pacific had 5.1 million rich people with a combined wealth of US$17.4 trillion, while North America had US$16.6 trillion in wealth across a HNWI population of 4.8 million.
The BRW Rich 200 also confirmed this, showing that the most common path to ultra-wealth in Australia is property, with 50 of the BRW Rich 200 making their fortune from bricks and mortar. These 50 property rich listers, with Harry Triguboff at the top of the list after 31 years, are now worth a collective $68 billion. That is almost three times the value of 16 resources rich listers who are now worth a collective $23 billion.
Property Club members have ridden the wave of this growth, with 5,000+ members in our Millionaires Club!
Property Club members are having a lot of success with Club research assisting them to acquire a residential property portfolio, that will give them more choices in retirement!
Make sure you contact your Property Mentor to assist you to catch the wave as well!
Have a great weekend and catch you next week!
Warm Regards,
Troy Gunasekera National Manager Property Club
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