Millionaires move to Australia for its excellent quality of life, including safety, clean environment, world-class education, and healthcare, coupled with a stable economy and a points-based immigration system that favors skilled and wealthy migrants. Key draws include political stability, strong property rights, no inheritance tax, and a strategic Asia-Pacific location, making it a secure place to grow and protect wealth for future generations, especially compared to unstable regions.
Australia isn't leading the pack in net inflows, but its stability, lifestyle, and education make it a prime second-choice destination for wealthy migrants.
The top 10 countries gaining the most millionaires in 2025
The ATO figures show the country's highest-earning postcodes were in Sydney, with seven suburbs making up the top 10. The postcode with the highest average taxable income ($279,712) was in Sydney's eastern suburbs — postcode 2027 — which takes in Darling Point, Edgecliff, Rushcutters and Point Piper.
Australia and especially the UK have become much easier markets for their actors to break into. Their industries are far less gatekept. Big agencies in both countries actually take chances on lesser-known actors, including kids fresh out of drama school, and develop them. They help build long-term careers.
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.
Stopping immigration in Australia would cause severe negative economic impacts, including significant labor and skills shortages (especially in healthcare, aged care, and trades), slower economic growth, reduced government revenue, a rapidly aging population, and negative effects on sectors like education and tourism, ultimately worsening public service pressures and potentially increasing housing costs despite initial theories otherwise. While some hoped for housing relief, most analysis suggests it would hurt the overall economy and budget.
'National hobby' in Australia to avoid paying tax
Jericho says most millionaires do pay tax and most of them (24,164 individuals) even remained in the top tax bracket in 2022-23. Overall, 860,021 individuals in the highest tax bracket paid $106.4 billion in tax.
Sydney's Eastern Suburbs dominate the premium end. They hold most of the top 10 spots, led by Point Piper, Bellevue Hill, and Tamarama.
Double Bay, NSW is often cited as Australia's richest suburb by average taxable income (Postcode 2028), with other top contenders being Sydney's Point Piper/Darling Point (2027) and Perth's Peppermint Grove/Cottesloe (6011), while suburbs like Bellevue Hill and Vaucluse consistently rank high for median house prices, dominated by Sydney's Eastern Suburbs.
UK TOPS LIST OF COUNTRIES LOSING MOST MILLIONAIRES IN 2025 Henley & Partners reveals the top 10 countries projected to see the biggest outflow of millionaires this year: 1. United Kingdom 2. China 3. India 4.
Most millionaires build wealth through simple, consistent habits—not high incomes or flashy lifestyles. Millionaires focus on budgeting, living below their means, and avoiding debt to grow their wealth over time.
1. Switzerland. Switzerland takes the top spot for expats looking to grow their wealth. There's good pay and the opportunity for career progression and an improved quality of life.
While exact real-time figures vary, recent analyses suggest hundreds of thousands of Australians hold over $1 million in superannuation, though it's a minority, with estimates from around 2021 pointing to over 400,000 people, a number that has grown significantly due to investment returns, though many still don't reach this milestone. About 2.5% of the population held >$1 million in super as of mid-2021 (around 417,000 people), with forecasts indicating a larger number, while projections suggest over 10% of women and 15% of men retiring by 2060 could reach this goal, and recent studies highlight that a large majority (around 94%) of retirees don't hit $1 million.
She inherited her Perth estate from her father Lang Hancock, who bought the original home in the 1950s. Rinehart's estate on the Brisbane River in Hawthorne was purchased for a total of $18.5m. The home sits on the banks of the Swan River in the prestigious tree-lined suburb of Dalkeith in Perth's west.
Australia is losing 142,000 millionaires as high taxes push wealth abroad. Entrepreneurs and investors face growing pressure to rethink their strategies. One hundred and forty-two thousand millionaires are expected to leave Australia in twenty twenty-five and yes you heard me right there.
The middle class falls in-between. In 2022 the median income in Australia was $65,000 a year according to the Australian Bureau of Statistics. Anyone making less than this amount would be considered working class. Anyone making more than $137,000 falls in the top 10% which is considered upper class.
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Finder noted the exact amount the average Australian said they would need to feel rich was $389,118 per year, which was seven times larger than the national median personal income of $55,062 a year.
How to avoid paying higher-rate tax
Australia's 2022 tax-to-GDP ratio ranked it 29th¹ out of 38 OECD countries in terms of the tax- to-GDP ratio compared with the 2023 figures. In 2022 Australia had a tax-to-GDP ratio of 29.4%, compared with the OECD average of 33.9% in 2023 and 34.0% in 2022.
The top 10 issues Australians say are the most concerning
AMES Australia provides various types of accommodation support to newly arrived refugees and humanitarian entrants based on need. Accommodation support may include: 28 days funded accommodation on-arrival.
No, Australia is not 90% white; while a large majority identify with European ancestry (around 76-80% in recent years), a significant and growing portion identifies as Asian, African, Middle Eastern, or Indigenous, making it a highly multicultural nation with diverse ethnic backgrounds, not overwhelmingly white. Recent census data shows European ancestry (English, Irish, etc.) makes up a large chunk, but Asian ancestries are also substantial, with over 17% Asian population and around 3.8% identifying as Aboriginal or Torres Strait Islander, per the 2021 census data from Wikipedia.