Australia's richest areas are predominantly in Sydney's Eastern Suburbs (like Bellevue Hill, Vaucluse, Point Piper) and Melbourne's inner suburbs (like Toorak), known for highest property prices, while Perth also has affluent pockets (Dalkeith, Peppermint Grove). These areas attract high-net-worth individuals due to prestige, views, and proximity to city centers and amenities, although high earners also live across other major cities and resource-rich regions like Western Australia.
Sydney, often known as Australia's financial hub, consistently tops the list of the wealthiest cities in the region. Its skyline tells the story of affluence with luxurious skyscrapers and a vibrant real estate market.
Australia ranks twice on the top 50 list, with Sydney in 17th place and Melbourne in 30th place worldwide. Sydney is currently home to 205 centi-millionaires while Melbourne has 112.
In the centre of Sydney's east, some of Sydney's most awe-inspiring properties are nestled within Bellevue Hill's green hills. It takes out the title as the most expensive suburb in Australia, and for good reason. A meander through the suburb's spectacular streets says it all.
Sydney is the most expensive major city in Australia and the most expensive city overall. Townsville is 43% less expensive than Sydney, it is the least expensive city in the country. Insurance and financial services saw the largest increase in average prices from October 2023 to October 2024.
Hobart, Tasmania, is widely recognized as the cheapest major city, but smaller regional towns in Queensland and South Australia can offer even lower living costs.
New York: Scarsdale.
The average Scarsdale home is worth $1.6 million, as of June 2025. It's the wealthiest suburb in America.
It's official! Adelaide is the happiest city in Australia, and one of the happiest in the world! 🙌 We ranked #29 globally in the Happy City Index across six categories - environment, economy, mobility, citizen wellbeing, health and governance.
Western Australia (WA) is generally considered Australia's richest state, consistently topping economic performance rankings due to its strong mining sector, high exports (especially iron ore), and significant economic growth, leading in metrics like Gross State Product (GSP) per capita and overall economic strength.
High net worth families frequently use SMSFs and discretionary trusts to hold equities, property, and alternatives. These structures support tax-efficient investment strategies, income distribution, and access to tailored financing solutions, especially when paired with hybrid or corporate beneficiaries.
Here are the report's top 10 cities with the highest populations of ultra-wealthy people:
We are now the second-wealthiest country in the world yet one in eight of us still lives in poverty, including one in six children. Meanwhile, wealth inequality continues to grow. Shares and investment property in Australia are very unequally distributed - the top 10% hold around 80% of those assets by value.
Sydney. Sydney boasts a staggering 126,900 resident millionaires, along with 184 centi-millionaires and 15 billionaires, residing in some of the world's most exclusive residential suburbs, such as Bellevue Hill, Darling Point, Mosman, Point Piper, and Vaucluse.
These are Australia's 10 most liveable suburbs for 2025
New York City - #1
New York City, often referred to as the "financial capital of the world," leads the list as the richest city in 2024. With over 340,000 HNWIs and total private wealth exceeding $3 trillion, NYC is home to Wall Street, luxury real estate markets, and global corporate headquarters.
The richest suburb in Australia, based on average taxable income, is often Double Bay, NSW (postcode 2028), known as "Double Pay," followed closely by Sydney's Eastern Suburbs and Perth's affluent western areas like Cottesloe and Peppermint Grove (6011). Other top contenders for wealth and high property values include Point Piper, Bellevue Hill, Vaucluse, Toorak (VIC), and Palm Beach (NSW), featuring high-end homes and luxury lifestyles.
New South Wales (NSW) and Victoria provide greater business, financial, and information technology opportunities. Western Australia (WA) and Queensland (QLD) excel in mining, engineering, and healthcare. South Australia (SA) is becoming more welcoming to skilled migrants through its regional migration streams.
There's no single "most beautiful" town, but Richmond, Tasmania, often tops lists for its historic Georgian architecture and colonial bridge, while Noosa, Queensland, and Byron Bay, NSW, are famous for stunning beaches and vibrant vibes, and coastal towns like Esperance, WA, and Port Fairy, VIC, are celebrated for breathtaking natural beauty, making your choice depend on whether you prefer history, coast, or countryside charm**.
Canberra is officially Australia's #1 safest city, with a crime index rating of 26 out of 100. That places it as the 49th safest city in the world. This ranking comes from Compare the Market Australia, which analysed 6 years of public data from Numbeo's crime index.
Yes, $70k is a fair salary in Australia, often near the median income, making it a decent living for a single person, especially outside major cities, but it can be tight in expensive areas or for those with high living costs like mortgages, with full-time averages now closer to $90k-$100k.
🌟 Top 4 Australian Cities with Most Millionaires 🌟 (Individuals with net worth over $1 million USD) 1. 🇦🇺 Sydney – 147,000 millionaires, 205 centi- millionaires, 20 billionaires. 2. 🇦🇺 Melbourne – 97,900 millionaires, 112 centi- millionaires, 10 billionaires.
“Of the 40 suburbs projected to add the most residents from 2020 to 2100, five are in the Phoenix metro area, and five are in the Dallas metro area.” The article lists the 40 fastest-growing suburbs, with Frisco, Texas topping the list.
Madhapar, a village in the Kutch district of Gujarat, India, is recognized as Asia's richest village due to its extraordinary financial wealth.