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HNW migration accounts for 20-30% of recent wealth growth in Australia

Migration of high net worth individuals to Australia has contributed to 20-30% of recent wealth growth in the country, according to the ‘Australia 2018 Wealth Report’, recently published by research firm New World Wealth. According to New World Wealth, Australia is home to US$6.1 trillion in wealth, of which HNWIs control 28%. Overall wealth has grown by nearly 80% over…

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