The sum you need to make it into the top 1pc in Australia
Primrose RiordanSenior Reporter
Joining the top 1 per cent of wealthy Australians became easier last year as the country’s rich were hit with a weaker Aussie dollar and slowing economic growth.
Australians previously needed to have $US5.5 million ($8.41 million) to count themselves among Australia’s 1 per cent, but the threshold has dropped to US$4.67 million ($7.18 million), according a 2024 wealth report by global real estate consultancy Knight Frank.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In People
Fetching latest articles