Millionaire migration accelerates
There was an old real estate quote about finding out where the people are moving to and buying the land before they get there.
Where are the world's High Net Worth Individuals moving to in 2023?
Australia, that's where.
Via New World Wealth, Henley Global tracks the most up-to-date and timely available global migration data and projects Australia to be by far and away the biggest destination country in 2023.
Source: Henley Global
The wealthy have been leaving Russia, with the main countries of departure in 2023 set to be China and India, largely accounted for by their gigantic combined population of around 3 billion.
After a blip, millionaire migration is expected to hit record levels over the next couple of years and beyond.
Source: Henley Global
It's a big wall of wealth heading to Australia.
I guess the recent mammoth population figures settle the argument of whether migrants will come back to Australia...
