Wealth in Australia: Sizing the Market Opportunity 2017 - Research and Markets

Research and Markets has announced the addition of the "Wealth in Australia: Sizing the Market Opportunity 2017" report to their offering.

We expect 2017 to be a turning point for the Australian wealth market, after growth slowed down over the past few years, with economic concerns having a negative effect on performance. Returning economic strength and more favorable equity market conditions will contribute to stronger retail investment savings growth, which in turn will translate into more robust wealth growth.

Between 2016 and 2020 liquid assets held by affluent individuals are forecast to record a compound annual growth rate (CAGR) of 5.9%, representing a sizable opportunity for wealth managers operating in the country. Yet there is notable regional disparity within Australia in terms of wealth distribution, with the vast majority of wealth found on the Eastern seaboard.

Key Findings

- At the end of 2016, of the approximately 18.7 million adults living in Australia, 19.1% (or 3.57 million) could be considered affluent.

- While expanding at a slightly slower pace than in previous years, wealth market growth in Australia will still be dwarfed by many other developed markets through to 2020, and wealth held by affluent retail investors is forecast to record a CAGR of 5.9% over the forecast period.

- While Australia's stock market has struggled in recent years (before regaining momentum in 2016), generous dividend payouts and a friendly tax system have seen retail investors' love affair with equities continue.

- Australian HNW individuals are heavily exposed to property in their non-traditional investments, with real estate investment trusts of particular interest.

- While HNW individuals in Australia invest offshore for a multitude of reasons, access to a wider range of investments is the main factor. But investors only hold a comparatively small proportion of their wealth offshore.

Key Topics Covered:

1. Executive Summary

2. Sizing and Forecasting the Australian Wealth Market

3. Drivers of Growth in the Australian Wealth Market

4. HNW Investment Preferences

5. Appendix

Companies Mentioned

- China Construction Bank

- Credit Suisse

- ICBC

For more information about this report visit http://www.researchandmarkets.com/research/thj8n4/wealth_in

View source version on businesswire.com: http://www.businesswire.com/news/home/20170224005403/en/