Inside the portfolios of the nation’s 690,000 rich investors
An extra 55,000 people joined the ranks of the high net worth investors this year, bringing the total number of rich Australians to 690,000. This is what their portfolios look like.
One thousand people joined the ranks of the ultra high net worth. Michaela Pollock
Wealthy Australians have taken on more risk in their portfolios as interest rates have stabilised, and they are reaping handsome returns of as much as 12 per cent, a comprehensive survey of the nation’s 690,000 richest investors shows.
Bullish asset prices for both property and shares helped propel about 46,000 people into the “emerging affluent” category, according to Investment Trends’ 2024 report on high net worth investors.
Michelle BowesWealth reporterMichelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
