Sydney and Melbourne rank in top 20 in Knight Frank City Wealth Index

Sydney and Melbourne rank in top 20 in Knight Frank City Wealth Index
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

Melbourne

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. 

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