Australia is home to several affluent cities, each boasting a high concentration of millionaires and billionaires. Based on the provided reference materials, here are the top 10 richest cities in Australia for the year 2024:
1. Sydney, New South Wales
Sydney is the wealthiest city in Australia, ranking 8th globally with 147,000 millionaires and 20 billionaires. The city has seen a significant increase in its millionaire population over the past decade, growing by 34%137.
2. Melbourne, Victoria
Melbourne ranks 15th globally and second in Australia with 97,900 millionaires and 10 billionaires. The city has experienced a 40% growth in its millionaire population over the past decade137.
3. Perth, Western Australia
Perth ranks 34th globally and third in Australia with 33,600 millionaires and 8 billionaires. The city has seen a 28% growth in its millionaire population over the past decade14.
4. Brisbane, Queensland
Brisbane ranks 42nd globally and fourth in Australia with 27,200 millionaires and 4 billionaires. The city has experienced a 36% growth in its millionaire population over the past decade14.
5. Adelaide, South Australia
Adelaide is noted for its affluent suburbs and high-net-worth individuals, though it does not rank as high globally as the other major cities. It is home to several high-earning postcodes18.
6. Gold Coast, Queensland
The Gold Coast is known for its luxurious lifestyle and high-end real estate. It attracts many wealthy residents and tourists alike18.
7. Canberra, Australian Capital Territory
Canberra, the nation’s capital, is home to many high-ranking government officials and business executives. It boasts a high concentration of affluent residents18.
8. Hobart, Tasmania
Hobart has seen a rise in property values and an influx of wealthy residents, making it one of the more affluent cities in Australia18.
9. Darwin, Northern Territory
Darwin, while smaller in population, has a significant number of high-net-worth individuals, contributing to its status as one of the richest cities in Australia18.
Read more :-
Where Do Most Millionaires Live in Australia?
10. Newcastle, New South Wales
Newcastle is known for its thriving economy and high-earning residents. It is a growing hub for affluent individuals18.
These cities are characterized by their high property values, luxurious amenities, and significant populations of high-net-worth individuals. They continue to attract wealthy residents due to their economic opportunities, quality of life, and vibrant cultural scenes.
