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Australia ranks third-highest for median wealth globally, UBS data shows
Key takeaways
- Australia's wealth inequality has narrowed, according to the UBS report.
- The surge is largely driven by the nation's booming property market.
- The 2026 UBS Global Wealth Report shows the number of Australians with net assets worth more than $US1 million ($1.45 million) increased by roughly 25,000 last year, lifting the total to 1.6 million people.
Why this matters: an international story with cross-border implications worth tracking.
Australia's wealth inequality has narrowed, according to the UBS report. (Reuters: Jason Reed)
Link copied Share Share article. A rising number of everyday Australians have a seven-figure net worth, according to a global report from Swiss bank UBS.
The surge is largely driven by the nation's booming property market. Australian households collectively own $12.3 trillion in residential land and dwellings, a figure that exceeds the combined GDP of Japan, India and the UK.
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