Australia in Global Top 10 for Ultra-Wealthy as Property Investment Grows
Kanebridge News
Share Button

Australia in Global Top 10 for Ultra-Wealthy as Property Investment Grows

By Jeni O'Dowd
Wed, Mar 5, 2025 12:38pmGrey Clock 3 min

Australia has cemented its place among the world’s wealthiest nations, ranking ninth globally for individuals with more than US$10 million in assets, according to Knight Frank’s newly released The Wealth Report 2025.

The report found that 1.8% of the global US$10m+ population resides in Australia, with 42,789 high-net-worth individuals (HNWIs). This places Australia ahead of Hong Kong SAR (42,715 HNWIs), Italy (41,080), South Korea (39,210), and Taiwan (28,391). The United States leads the rankings, accounting for nearly 39% of the world’s ultra-wealthy.

Knight Frank Chief Economist Ben Burston noted that while Australia faced economic headwinds in 2024 due to higher interest rates, global wealth creation remained strong.

“While several major economies, including Australia, saw sluggish growth in 2024 as higher interest rates took a toll on household incomes, robust growth in the United States supported the global economy and underpinned ongoing wealth creation,” Burston said.

Future Growth: Australia’s Wealthy Set to Expand Further

The report predicts continued growth in Australia’s ultra-wealthy population, with Australasia’s US$10m+ segment expected to rise by 5.3% by 2028. The number of individuals worth US$100 million or more in the region is also projected to grow by 4.8%, from 1,918 in 2024 to 2,010 by 2028.

Globally, the number of HNWIs increased by 4.4% in 2024, reaching 2.34 million. The trend is expected to continue, with a projected rise of 6.9% by 2028.

Real Estate Investment a Key Priority for the Wealthy

Property remains a crucial asset class for the world’s wealthiest, with a survey of 150 family offices revealing a strong appetite for real estate investment.

In Australia, 31% of family offices surveyed plan to increase their real estate holdings over the next 18 months, compared to 44% globally. The top three real estate sectors of interest for Australian investors are:

  • Industrial properties (42%)
  • Data centres (21%)
  • Infrastructure (18%)

This contrasts with global preferences, where the leading investment sectors are living spaces (14%), industrial/logistics (13%), and luxury residential (12%).

Knight Frank CEO James Patterson highlighted the ongoing demand for real estate among ultra-wealthy investors, despite recent downturns in commercial property markets.

“More than 30 per cent of respondents expect to increase their exposure to real estate over the next 18 months,” Patterson said. “It’s evident investors are increasingly conscious that they can now acquire assets at an attractive entry point off the back of the downturn and with strong prospects of cyclical recovery in the medium term.”

Luxury Real Estate: A Top Choice for the Next Generation

The report also explored investment trends among younger high-net-worth individuals. Knight Frank’s Next Generation Survey, a global study of 1,788 wealthy individuals aged 18 to 35, found that real estate topped the list of luxury assets they aspire to own.

John McGrath, CEO of McGrath Estate Agents, Knight Frank’s Australian partner, noted that younger generations are drawn to real estate for both lifestyle and investment reasons.

“The next generation desires luxury real estate from a lifestyle point of view, but they can also see the strength of this asset class as an investment with continuing price growth around the world delivering ongoing capital gains,” McGrath said.

He added that Australia’s undersupply of luxury properties, combined with high demand, will continue to drive price appreciation in the sector.

“Australia is a particularly desirable market for luxury real estate due to its plentiful lifestyle locations, as well as being on the doorstep of all the global powerhouse nations within the Asian region.”

Wealth and Real Estate: A Lasting Connection

The findings reinforce the long-standing link between wealth accumulation and real estate investment. Family offices globally continue to allocate significant portions of their portfolios to property, seeing it as a hedge against inflation and a means of long-term wealth preservation.

As Australia’s ultra-wealthy population grows, so too does the demand for strategic real estate investment, with industrial, data centres, and infrastructure emerging as the preferred sectors.

With global wealth set to rise further, the Australian property market remains a key destination for high-net-worth individuals looking to expand their portfolios and secure long-term returns.



MOST POPULAR

Porsche has revealed a one-off 911 GT2 RS that brings the extraordinary silhouette of its 935/78 “Moby Dick” racing car onto the road. Created by Porsche Sonderwunsch with Manthey, the commission began with a near-new GT2 RS. The owner requested greater performance, a Slantnose profile and a rear wing influenced by the limited 911 GT3 …

The 1860s Darlinghurst mansion Stoneleigh could become Sydney’s most expensive home ever sold under the hammer when it goes to auction. Clint Ballard is giving buyers a $28 million guide for the heritage-listed mansion on Darley Street, opposite Iona, the former home of Hollywood royalty Baz Luhrmann. Stoneleigh is being offered for sale for the …

Related Stories
Property
More than a transaction: Atlas takes a broader view of property
By Partner Post 24/08/2026
Property
Lendlease and Armani/Casa Unveil Cove at One Circular Quay
By Ruba Jaajaa 24/08/2026
Property of the Week
Kanebridge Property of the Week: $85 million Radford Point Piper Comes With Remarkable Past
By Ruba Jaajaa 18/08/2026
More than a transaction: Atlas takes a broader view of property

Atlas Real Estate is reimagining how people connect with property, combining listings, market insights, local stories and lifestyle content in one destination for those buying, selling or simply exploring the market.

By Partner Post
Mon, Aug 24, 2026 4 min

Property has always been about more than buying and selling. A home can represent a fresh start, a long-term investment, an architectural idea or a connection to a particular neighbourhood. Even when people are not planning a move, many still enjoy following the market, researching local areas and discovering the stories behind remarkable homes.

Atlas Real Estate is responding to that wider interest by creating more ways for people to engage with property. Bringing listings, market information, local perspectives and lifestyle stories together, Atlas offers a destination for anyone curious about homes and the communities surrounding them.

It reflects the reality that people approach real estate with different needs and motivations. One visitor might be actively searching for a new home, while another may want to understand recent results in their suburb. Others might be keeping an eye on changing market conditions, exploring an unfamiliar area or simply appreciating thoughtful architecture and premium residential design.

At atlas.com.au, those interests meet in one place. Visitors can browse properties for sale and recent results, while also exploring market insights, featured homes, local stories and introductions to the people behind Atlas. The result is an experience designed to remain relevant before, during and after a traditional property transaction.

“We’re reimagining real estate around how people actually engage with property today — bringing together market insight, exceptional homes, local perspective and lifestyle in a way that feels more relevant and useful,” says Michael Coombs, Director of Atlas Real Estate.

That approach recognises that an interest in property rarely begins on the day someone decides to buy or sell. A future buyer may spend months learning about suburbs, monitoring prices and refining their sense of what they want. A homeowner might follow nearby sales to understand the changing value and character of their area. An investor may be looking for broader market context, while a design enthusiast may be drawn to an exceptional renovation or a distinctive piece of architecture.

By accommodating those different forms of curiosity, Atlas aims to make engaging with real estate feel less transactional and more connected to everyday life. Property is shaped by its surroundings: the streets, businesses, landscapes and people that give a place its identity. Understanding a home therefore means looking beyond its floor plan or sales history to consider the lifestyle and community that come with it.

This broader perspective also gives local stories a meaningful role. Suburbs are constantly evolving, influenced by new businesses, changing demographics, design trends and the people who choose to make them home. Content that explores these forces can help readers build a richer understanding of an area, whether they are preparing to move there or simply want to stay informed about their own neighbourhood.

The same is true of market information. Sales results and property data are most useful when they are accessible and supported by context. Bringing recent results together with insights and local knowledge can help people follow the market on their own terms, without suggesting that every visit must lead immediately to a transaction.

For Atlas, this thinking forms part of “Real Estate, Reimagined”, its broader brand campaign focused on using brand, creativity and technology to deliver a more relevant, useful and human real estate experience. Rather than treating technology as an end in itself, the emphasis is on how it can make property easier and more engaging to explore.

That human focus matters because real estate decisions are often closely tied to significant moments in people’s lives. A move may be connected to a growing family, a new job, a change in lifestyle or a long-held ambition. Even outside those milestones, homes and neighbourhoods remain a source of interest because they reflect how people live and how communities develop.

Atlas’s approach makes room for both the practical and aspirational sides of that interest. Readers can seek out information with a clear goal in mind or browse simply because a property, place or story captures their attention. In either case, they can move easily between homes, results, market perspectives and local inspiration.

The ambition is not to redefine why people care about property, but to reflect the many reasons they already do. By combining useful information with engaging editorial content, Atlas is creating a place for buyers, sellers, homeowners, investors and the property-curious alike.

Whatever brings you to property, discover more at atlas.com.au

MOST POPULAR

When the Writers Festival was called off and the skies refused to clear, one weekend away turned into a rare lesson in slowing down, ice baths included.

In the lead-up to the country’s biggest dog show, a third-generation handler prepares a gaggle of premier canines vying for the top prize.

Related Stories
Motors
ROLLS-ROYCE TURNS CULLINAN INTO MOVING ART
By Jeni O'Dowd 27/05/2026
Property
Where to Invest in 2025: Top-Performing Suburbs in Australia’s Property Market
By Staff Writer 12/08/2025
Lifestyle
Riyadh Air launches Mumbai route as Saudi carrier’s network hits nine destinations
By Staff Writer 06/08/2026
0
    Your Cart
    Your cart is emptyReturn to Shop