Our Melbourne team are moving... across the road. 📷 Great views towards the city and Southbank 💜 More space for our growing team ☕ Still the same great local coffee From Monday 9 December 2024, find the Melbourne team on level 18, 31 Queen St, Melbourne. #engineeredbyi3
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Is Melbourne at the bottom of the cycle? Melbourne has successfully cemented its position as one of the weakest property markets in Australia. At the end of September, Melbourne’s median dwelling value was $777,390, behind Sydney, Canberra, Brisbane, Adelaide, and Perth. So what is the good news? We believe Melbourne is now at the bottom of the cycle and about to start heading up, whereas the other states are at the top of their cycles. Now is a great time to buy in Melbourne.
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📍Expat Financial Planner from the UK, living with my family in Singapore 15+ years. I create personalised plans to help you navigate your financial situation and maximise wealth before returning home.
How much wealth do you need to join the top 1% club in your country? According to Knight Frank’s wealth report Monaco, which has the world’s densest population of millionaires, retains the number one spot for entry into the 1% rich club at $12.9 million. Second is Luxembourg, which has a requirement of $10.8 million, followed by Switzerland at $8.5 million. The U.S. comes in fourth, with $5.8 million. At $5.2 million, Singapore is fifth globally and leads the Asia-Pacific region in terms of the wealth needed to break into this elite club. As exclusive as the 1% club sounds, it’s still relatively “easier” to break into its ranks than it is to be an Ultra High Net Worth Individual (UHNWI), which has a global average entry point of $30 million.
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We’re making a small but important update—our LinkedIn page will now cover both Sovereign UK and Isle of Man. You’ll see updates from both regions going forward as we continue providing the same trusted expertise you rely on across all Sovereign offices. #SovereignGroup #SovereignIOM #IOM #IsleOfMan #SovereignUK #London #Chester #BusinessInsights #FinanceUpdates
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