PUBLISHER: GlobalData | PRODUCT CODE: 1111833
PUBLISHER: GlobalData | PRODUCT CODE: 1111833
In Australia, affluent individuals held 87.8% of the country's total onshore liquid assets in 2022, highlighting that most of the opportunity within Australia's wealth market is concentrated among affluent individuals. The Australian economy is expected to grow at a slow pace in 2023, with just 0.7% real growth by mid-2023, as rising inflation and an unstable geopolitical situation represent significant headwinds to the country's economic recovery in the near term.
Based on our proprietary datasets, this report analyzes Australia's wealth and retail savings and investments markets, including overall affluent market size (both by number of individuals and the value of their liquid assets). The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by equities, mutual funds, deposits, and bonds.