Sydney and Melbourne rank in top 20 in Knight Frank City Wealth Index
The 2018 City Wealth Index uses four critical measures to identify the cities that matter to the wealthy – wealth, investment, lifestyle and future.
| Wealth | Investment | Lifestyle | Future | Overall Rank |
New York | 1 | 1 | 1 | 1 | 1 |
London | 4 | 2 | 5 | 2 | 2 |
San Francisco | 5 | 4 | 2 | 6 | 3 |
Los Angeles | 2 | 5 | 12 | 4 | 4 |
Chicago | 6 | 18 | 3 | 8 | 5 |
Singapore | 7 | 15 | 3 | 10 | 5 |
Paris | 13 | 14 | 7 | 5 | 7 |
Tokyo | 10 | 22 | 6 | 2 | 8 |
Hong Kong | 3 | 3 | 10 | 25 | 9 |
Washington DC | 12 | 10 | 7 | 13 | 10 |
Sydney | 20 | 7 | 14 | 17 | 11 |
Dallas | 9 | 6 | 35 | 9 | 12 |
Boston | 24 | 13 | 21 | 7 | 13 |
Houston | 8 | 15 | 29 | 14 | 14 |
Miami | 19 | 8 | 19 | 20 | 14 |
Atlanta | 20 | 10 | 24 | 15 | 16 |
Beijing | 15 | 37 | 15 | 19 | 17 |
Shanghai | 29 | 21 | 23 | 15 | 18 |
Munich | 39 | 23 | 26 | 20 | 19 |
Madrid | 52 | 25 | 9 | 24 | 20 |
44 | 15 | 25 | 26 | 20 |
Liam Bailey, Global Head of Research at Knight Frank, commented this year’s index produced some very interesting results with regard to the projected growth of wealthy households around the world that will be exciting to track.
"However, North America’s domination of the current household wealth tables is unequivocal.
"Although the economic powerhouses such as New York and London dominated the overall rankings again, it is interesting to note the power of other US cities.”
Knight Frank’s Head of Residential Research, Australia Michelle Ciesielski noted Sydney sits at 11th overall on the City Wealth Index, influenced by ranking seventh in the category ‘investment’ in property over the two years ending 2017.