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Published on : Mar 15, 2016

ALBANY, New York, March 10, 2016 – ResearchMoz.us has announced the addition of the “Challenges and Opportunities for the Wealth Sector in Australia 2016” report to its offering. This is a detailed report on the wealth management and private banking sector in Australia. The study also discusses the challenges and opportunities faced by the wealth sector within Australia. It also discusses and provides insights into the high net worth individual (HNWI) population within Australia and focuses on the performance of the HNWI population till the end of 2015. 

Thus, the report helps in determining the performance of HNWIs in Australia through the past few years. This report has been compiled by conducting both primary as well as secondary research and by consulting huge databases comprising more than 60,000 HNWIs globally. With the help of this report, an extensive review of the foreign asset holdings of HNWIs in and outside of Australia has been presented in 2015.

Aspects such as Australian HNWIs’ wealth and volume in the review period from 2011 to 2015 and the asset allocation of HNWIs across thirteen asset classes also form an integral part of this study. As per this study, HNWIs residing in Australia had 23.1% of their wealth, i.e.US$227.6 bn, in other countries in 2015. Their foreign asset holdings are poised to rise to US$297.6 bn by 2020 and will account for 21.9% of Australia’s total HNWI assets.

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On the basis of foreign asset holding, in 2015, North America held a share of 35.60% in Australian HNWI foreign assets. The report states that North America was trailed by Europe, which accounted for a share of 22.7%. On the other hand, as per the report, the regions of Africa, Latin America, the Middle East, and Asia Pacific held a share of 21.3%, 8.1%, 2.4%, and 10%, respectively.

The report further states that the allocation to Africa by Australian HNWI rose exponentially in comparison to other regions in the period from 2011 to 2015, resulting in a 21.3% share in 2015, starting from 2.80% in 2011. Furthermore, it has been predicted that HNWIs will expand their investment even more within Africa in the forecast horizon, resulting in a share of 37.8% for Africa in Australian HNWI foreign asset holdings by 2019.

Moving further, the report also throws light on the HNWI wealth and volume trends. The competitive landscape section of the wealth sector report elaborates on the investments by HNWI within foreign private banks, domestic private banks, family offices, etc. In the next section, the report includes the prime drivers responsible for the growth of the wealth sector in Australia. These include growth in GDP and per capita GDP, commodity index, domestic market capitalization, the inflow and outflow of foreign direct investment (FDI), interest rates, the balance of payments, inflation, and the performance of the stock market.

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