The statistic shows the ten largest cities in Australia in 2021. In 2021, around 5.26 million people lived in Sydney and the surrounding area, making it the most populous city in Australia.

Australia Population in Largest City: as % of Urban Population data was reported at 22.768 % in 2024. This records an increase from the previous number of 22.673 % for 2023. Australia Population in Largest City: as % of Urban Population data is updated yearly, averaging 24.964 % from Dec 1960 (Median) to 2024, with 65 observations. The data reached an all-time high of 27.701 % in 1971 and a record low of 22.181 % in 2013. Australia Population in Largest City: as % of Urban Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Population and Urbanization Statistics. Population in largest city is the percentage of a country's urban population living in that country's largest metropolitan area.;United Nations, World Urbanization Prospects.;Weighted average;

Population in largest city in Australia was reported at 5315600 in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Population in largest city - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2025.

The statistic shows the total population of Australia from 1980 to 2023, with projections up until 2030. In 2023, Australia had a total population of about 26.95 million people. Population of Australia Australia is among the ten largest countries in the world, in terms of area size, although its total population is low in relation to this. Much of Australia’s interior remains uninhabited, as the majority of Australians live in coastal metropolises and cities. Most of the population is of European descent (predominantly British), although there is a growing share of the population with Asian heritage; only a small percentage belongs to the indigenous Aboriginal population. Australia's year-on-year population growth is fairly high compared to most other economically and demographically advanced nations, due to comparatively high rates of natural increase and immigration. Living standards Standard of living is fairly high in Australia, which can be seen when looking at the Human Development Index, which ranks countries by their level of human development and living standards, such as their unemployment rate, literacy rate, or life expectancy at birth. Life expectancy of Australia’s population is quite high in international comparison, for example, Australia is also among the leading countries when it comes to this key factor. Economically speaking, Australia is also among the leading nations, with a steadily rising employment rate, an increasing gross domestic product (GDP) with a steady growth rate, and a relatively stable share in the global GDP.

In June 2022, it was estimated that around 7.3 percent of Australians were aged between 25 and 29, and the same applied to people aged between 30 and 34. All in all, about 55 percent of Australia’s population was aged 35 years or older as of June 2022. At the same time, the age distribution of the country also shows that the share of children under 14 years old was still higher than that of people over 65 years old. A breakdown of Australia’s population growth Australia is the sixth-largest country in the world, yet with a population of around 26 million inhabitants, it is only sparsely populated. Since the 1970s, the population growth of Australia has remained fairly constant. While there was a slight rise in the Australian death rate in 2022, the birth rate of the country decreased after a slight rise in the previous year. The fact that the birth rate is almost double the size of its death rate gives the country one of the highest natural population growth rates of any high-income country.
National distribution of the population Australia’s population is expected to surpass 28 million people by 2028. The majority of its inhabitants live in the major cities. The most populated states are New South Wales, Victoria, and Queensland. Together, they account for over 75 percent of the population in Australia.

With 109.9 men per one hundred women in the city, the greater Darwin area in Australia has the highest sex ratio. This is in stark contrast to the demographics of the other major cities in Australia which have more women than men. This is consistent with the fact that more than two thirds of all women between 25 and 64 participating in the workforce.Despite this fact, there is still some disparity between men and women in high level position as women are multiple times more likely to be sexually assaulted while men are much more likely to be victims of murder.The perpetrators of crimes are also much more likely to be men as there are

It should be noted that this data is now somwhat dated!

Human population density is a surrogate indicator of the extent of human pressures on the surrounding landscapes.

Areas with high population density are associated with higher levels of stream pollution and water diversion through sewers and drains. City and urban environments are substantially changed from their pre-European condition but a changed condition is not of itself necessarily poor by societal standards. It is the impacts such as polluted run-off to waterways, air pollution, sewage disposal, household water use and predation of wildlife by pets that confer impacts on catchment condition. Human population centres have an impact well beyond the built environment.

The impact of major population centres is well expressed in the AWRC map, but is best displayed in the 500 map. The main areas of impact are the major coastal and capital cities and suburbs, including popular beachside tourist destinations. Elsewhere, the impact of population density appears to be confined to the Murray and other major river valleys.

The Australian Bureau of Statistics compiles population statistics by sampling statistical local areas (SLAas) through the national census. These data can be converted to a per catchment basis.

Interpretation of the indicator is largely unequivocal, although there are land-uses/activities (e.g. mining) where population density is not a good indicator of the degree of habitat decline. This indicator has not been validated relative to habitat decline. This indicator is easy to understand.

Data are available as:

• continental maps at 5km (0.05 deg) cell resolution for the ILZ;
• spatial averages over CRES defined catchments (CRES, 2000) in the ILZ;
• spatial averages over the AWRC river basins in the ILZ.

See further metadata for more detail.

In 2021, the proportion of Aboriginal and/or Torres Strait Islander people living in major cities in Australia amounted to 41.1 percent of the Aboriginal and/or Torres Strait Islander population. By comparison, 73.7 percent of the non-Indigenous population lived in major cities. Although the majority of the Aboriginal and/or Torres Strait Islander population lived in major cities and inner regional areas, almost one in ten lived in very remote communities.

In 20 major cities worldwide, Sydney has the highest share of the consumers counting as upper class and above. In the Australian city, 84 percent of the population earned at least the equivalent of the highest 10 percent of global income earners as of 2022 in purchasing power parity (PPP) terms. By comparison, the same number was below one percent in Nigeria's largest city Lagos.

The Sports and Recreation Facilities Operation industry's revenue has rebounded over the past few years, after suffering sharp declines during the pandemic. Restrictions introduced crowd limits, which slashed industry revenue and profitability. However, the effects varied across states and locations with fewer and shorter lockdowns experienced smaller revenue declines. The industry has rebounded impressively, with record-breaking attendances at various sporting events promoting significant revenue growth for venue operators. Major sporting codes, including the AFL and NRL, set single-season attendance records in 2023 and 2024. The industry has also benefited from record-breaking attendances at the Australian Open and Australian Grand Prix in 2024. Strong downstream demand for these major events has helped the industry recover swiftly. However, government aid and alternative revenue from music events have also played key roles. The industry’s largest players are state government-backed management companies that rely on financial support to remain profitable, weighing down the industry’s overall profit margins. The return of major international musical artists has been pivotal in diversifying revenue streams and filling demand gaps in the offseasons of Australia’s major sporting codes. Overall, industry revenue is expected to rise at an annualised 4.8% over the five years through 2024-25, to $2.5 billion. This includes an anticipated rise of 1.2% in 2024-25. The industry is poised for revenue growth in the coming years, buoyed by population growth and increasing sports participation, which will drive demand for professional and community-level facilities. The continued expansion of major sporting codes and urban development trends will lead to new stadiums opening in leading Australian cities. Current major projects, including Tasmania's new Macquarie Point Stadium and Victoria’s Wyndham City Stadium, will be completed in the coming years, driving revenue growth and boosting industrywide employment. Preparations for the 2032 Brisbane Olympic Games will also benefit the industry, with the Federal Government and Queensland Government both committing to investments into numerous sporting facility upgrades. Expanded sporting infrastructure will underpin a forecast annualised 2.9% rise in revenue through the end of 2028-29, to $2.9 billion.

The Australian taxi industry, currently valued at approximately $3.73 billion (2025 estimated), is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 9.60% from 2025 to 2033. This growth is fueled by several key factors. Increasing urbanization and population density in major Australian cities like Sydney and Melbourne are driving demand for convenient and efficient transportation solutions. The rising adoption of smartphone technology and the increasing popularity of ride-hailing apps like Uber and Ola are significantly impacting the industry, shifting consumer preferences towards online booking options. Furthermore, the expanding middle class with increased disposable income contributes to higher spending on transportation services, boosting the market. However, the industry faces challenges such as stringent government regulations regarding licensing and fares, intense competition from ride-sharing platforms, and fluctuating fuel prices which impact operational costs. The segmentation of the market reveals a strong preference for online bookings, with a growing demand for SUVs/MPVs reflecting changing consumer needs. Companies like Uber Technologies Inc., Ola, and local players like Legion Cabs and GoCatch are key players vying for market share, adapting to technological advancements and consumer expectations. The competitive landscape fosters innovation, resulting in improved service offerings, technological integrations and more competitive pricing strategies. The future of the Australian taxi industry is dynamic. While the dominance of ride-hailing apps continues to shape the market, traditional taxi services are also adapting, often incorporating technological upgrades to enhance customer experience and operational efficiency. The industry’s growth trajectory will depend on successfully navigating regulatory hurdles, maintaining cost-effectiveness in a competitive landscape, and continuing to meet evolving consumer preferences. Further diversification of services, such as airport transfers and specialized transportation, will be crucial for sustained growth. Regional variations in market penetration exist; larger metropolitan areas naturally experience greater demand and higher adoption of technology compared to more rural regions. The industry's ability to leverage technological innovations to offer efficient, safe, and affordable services will be key to sustained success. This comprehensive report provides a detailed analysis of the Australian taxi industry, covering the period from 2019 to 2033. It leverages historical data (2019-2024), focusing on the base year 2025 and forecasting market trends until 2033. The report examines key market players, including Uber Technologies Inc, Taxi Apps Pty Ltd (GoCatch), GM Cabs, and others, offering invaluable insights for investors, businesses, and policymakers. With a focus on high-growth segments, including ride-hailing and ridesharing services, this report is essential for understanding the dynamic landscape of the Australian taxi market. Recent developments include: October 2022: Ingenico, the most trusted technological partner for payment acceptance, and Live Payments, one of Australia's leading payment service providers, announced their cooperation for long-term strategic partnerships to equip retailers and taxis with seamless and convenient payment and commerce solutions., October 2022: Uber announced the addition of the 500 Polestar 2s from Australia's largest provider of vehicle subscriptions to the rideshare segment. It announced its plans to offer them as the backbone of new electric rideshare from 2023 called Custom Electric for the taxi services in Sydney., April 2023: GM Cabs, the integral taxi service in Australia with a network of 30,000 taxis, announced the official launch of Taxi-Share 2023, a progressive and hybrid taxi service that combines the best of taxis and rideshare under the GM Cabs brand.. Key drivers for this market are: Growing Tourism Industry in Australia. Potential restraints include: Varying Government Regulations on Taxi Services. Notable trends are: Online Booking Holds the Highest Share.

This dataset contains time series for monthly precipitation over six sites (Blackheath, Braidwood, Darkes Forest, Goulburn, Lithgow and Moss Vale) in the Sydney Catchment Area (SCA) and monthly mean maximum and mean minimum temperature for three sites (Goulburn, Lithgow, and Moss Vale) in the SCA. This data was used in the study Attribution and Prediction of Precipitation and Temperature Trends within the Sydney Catchment Using Machine Learning. The data was originally from the Australian Bureau of Meteorology Climate Data Online (http://www.bom.gov.au/climate/data/index.shtml), but has been updated to have missing values (8% of data) filled using a moving average centred on the year for which the data is missing.

Below is the abstract for the paper:

Droughts in southeastern Australia can profoundly affect the water supply to Sydney, Australia's largest city. Increasing population, a warming climate, land surface changes, and expanded agricultural use increase water demand and reduce catchment runoff. Studying Sydney's water supply is necessary to manage water resources and lower the risk of severe water shortages. This study aims at understanding Sydney water supply by analysing precipitation and temperature trends across the catchment. A decreasing trend in annual precipitation was found across the Sydney catchment area. Annual precipitation also is significantly less variable, due to fewer years above the 80th percentile. These trends result from significant reductions in precipitation during spring and autumn, especially over the last 20 years. Wavelet analysis is applied to assess how the influence of climate drivers has changed over time. Attribute selection was carried out using linear regression and machine learning techniques including random forests and support vector regression. Drivers of annual precipitation included Niño3.4, SAM, DMI and measures of global warming such as the Tasman Sea Sea Surface temperature anomalies. The support vector regression model with a polynomial kernel achieved correlations of 0.921 and a skill score compared to climatology of 0.721. The linear regression model also performed well with a correlation of 0.815 and skill score of 0.567, highlighting the importance of considering both linear and non-linear methods when developing statistical models. Models were also developed on autumn and winter precipitation but performed worse than annual precipitation on prediction. For example, the best performing model on autumn precipitation, which accounts for approximately one quarter of annual precipitation, achieved an RMSE of 418.036 mm2 on the testing data while annual precipitation achieved an RMSE of 613.704 mm2. However, the seasonal models provided valuable insight into whether the season would be wet or dry compared to the climatology.

The Australian taxi industry, valued at $3.73 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 9.60% from 2025 to 2033. This growth is fueled by several key factors. Increasing urbanization and population density in major cities like Sydney, Melbourne, and Brisbane are driving demand for convenient and reliable transportation options. The rising adoption of ride-hailing apps, offering features like online booking, real-time tracking, and cashless payments, is significantly disrupting the traditional taxi market and contributing to the overall market expansion. Furthermore, the diversification of vehicle types offered, including hatchbacks, sedans, and SUVs/MPVs, caters to a wider range of customer preferences and needs, further boosting market size. However, challenges remain. Stringent regulations governing licensing and operations, coupled with increasing fuel prices and driver shortages, pose potential restraints on the industry's growth trajectory. Competition from emerging players and established ride-hailing giants like Uber and Ola intensifies the pressure on profitability and market share. The market segmentation reveals a dynamic landscape with online booking rapidly gaining traction compared to offline methods. New South Wales (NSW), Victoria, and Queensland represent the largest regional markets, reflecting higher population density and greater adoption of ride-hailing services. The future of the Australian taxi industry hinges on the ability of players to adapt to the evolving technological landscape and consumer preferences. Companies like Legion Cabs, Ingogo, and GoCatch are actively investing in technological upgrades, improving their apps, and exploring innovative service offerings. Strategic partnerships, mergers, and acquisitions are also expected to shape the industry's competitive dynamics. The industry's success will be defined by its ability to strike a balance between regulatory compliance, technological innovation, and providing a safe, reliable, and cost-effective transportation solution. The ongoing evolution of consumer expectations and the increasing integration of technology will continue to redefine the industry's structure and competitive landscape in the coming years. Taxi Industry Australia Market Report: 2019-2033 This comprehensive report provides an in-depth analysis of the Australian taxi industry, offering invaluable insights for industry professionals, investors, and strategic planners. With a focus on market structure, dynamics, and future trends, this report covers the period from 2019 to 2033, with a base year of 2025 and a forecast period of 2025-2033. The report analyzes key players like Uber Technologies Inc, Taxi Apps Pty Ltd (GoCatch), GM Cabs, and others, examining their market share and contributions to the $XX Million market. Recent developments include: October 2022: Ingenico, the most trusted technological partner for payment acceptance, and Live Payments, one of Australia's leading payment service providers, announced their cooperation for long-term strategic partnerships to equip retailers and taxis with seamless and convenient payment and commerce solutions., October 2022: Uber announced the addition of the 500 Polestar 2s from Australia's largest provider of vehicle subscriptions to the rideshare segment. It announced its plans to offer them as the backbone of new electric rideshare from 2023 called Custom Electric for the taxi services in Sydney., April 2023: GM Cabs, the integral taxi service in Australia with a network of 30,000 taxis, announced the official launch of Taxi-Share 2023, a progressive and hybrid taxi service that combines the best of taxis and rideshare under the GM Cabs brand.. Key drivers for this market are: Growing Tourism Industry in Australia. Potential restraints include: Varying Government Regulations on Taxi Services. Notable trends are: Online Booking Holds the Highest Share.

The Australian Marine Microbial Biodiversity Initiative (AMMBI) provides methodologically standardized, continental scale, temporal phylogenetic amplicon sequencing data describing Bacteria, Archaea and microbial Eukarya assemblages. Sequence data is linked to extensive physical, biological and chemical oceanographic contextual information. Samples are collected monthly to seasonally from multiple depths at seven National Reference Stations (NRS) sites: Darwin Harbour (Northern Territory), Yongala (Queensland), North Stradbroke Island (Queensland), Port Hacking (New South Wales), Maria Island (Tasmania), Kangaroo Island (South Australia), Rottnest Island (Western Australia). The Integrated Marine Observing System (IMOS) NRS network is described at http://imos.org.au/facilities/nationalmooringnetwork/nrs/ North Stradbroke Island NRS is located 6.6 nm north east of North Stradbroke Island at a depth of 60 m over sandy substrate. It is 30 km southeast of the major city of Brisbane, Queensland (population 2.099 million), at the opening to large, shallow, Moreton Bay. The site is impacted by the southerly flowing EAC and its eddies, which may cause periodic nutrient enrichment through upwelling. This latitude is the biogeographic boundary for many tropical and subtropical species. The water column is well mixed between May-August and stratified for the remainder of the year and salinity may at times be affected by floodwaters from the nearby Brisbane River outflow.

Site details from Brown, M. V. et al. Continental scale monitoring of marine microbiota by the Australian Marine Microbial Biodiversity Initiative. Sci. Data 5:180130 doi: 10.1038/sdata.2018.130 (2018). Site location: North Stradbroke Island National Reference Station (NRS), Queensland, Australia Note on data download/processing: Data downloaded from Australian Microbiome Initiative via Bioplatforms Australia Data Portal on 17 June 2022. The search filter applied to download data from Bioplatforms Australia Data portal are stored in the Darwin Core property (identificationRemarks). Taxonomy is assigned according to the taxonomic database (SILVA 138) and method (Sklearn) which is stored in the Darwin Core Extension DNA derived data property (otu_db). Prefix were removed from the taxonomic names as shown in the example (e.g. d_Bacteria to Bacteria). Scientific name is assigned to the valid name available from the highest taxonomic rank. This collection is published as Darwin Core Occurrence, so the event level measurements need to be replicated for every occurrence. Instead of data replication, the event level eMoF data are made available separately at https://www.marine.csiro.au/data/services/obisau/emof_export.cfm?ipt_resource=bioplatforms_mm_nrs_nsi Please see https://www.australianmicrobiome.com/protocols/acknowledgements/ for citation examples and links to the data policy.

At the 2021 Australian census, 278,043 people in New South Wales were Aboriginal or Torres Strait Islander. New South Wales is Australia’s most populated state, also housing Australia’s largest city, Sydney. By comparison, Australia’s second largest state, Victoria, was home to around 66 thousand Aboriginal and Torres Strait Islander people.

Aboriginal and Torres Strait Islander peoples

There are around 800,000 Aboriginal and Torres Strait Islander people in Australia, which represents just over three percent of the Australian population. Indigenous people are often referred to as Australia's first people or the traditional custodians of the land in recognition of their ancestors inhabiting Australia more than 60,000 years ago. Australia's Indigenous peoples are represented by two distinct groups. Aboriginal people come from the Australian mainland. Torres Strait Islander people inhabit the group of Islands between the northern tip of Queensland and Papua New Guinea and represent less than 40,000 people.

Closing the gap

Aboriginal and Torres Strait Islander peoples experience significantly poorer health and wellbeing outcomes when compared to their non-Indigenous Australian counterparts. The average life expectancy of Indigenous Australians is around eight years shorter than that of the non-Indigenous population. In education, Indigenous Australians are also underrepresented, but attendance rates are improving and in 2019, full-time Aboriginal and Torres Strait Islander students numbered well over 200,000 people.

In financial year 2020, Sydney was the most popular tourist region with around 2.8 million international visitors. The other major east coast cities, Melbourne and Brisbane, ranked second and third in terms of international visitors in that year.

Based on a comparison of coronavirus deaths in 210 countries relative to their population, Peru had the most losses to COVID-19 up until July 13, 2022. As of the same date, the virus had infected over 557.8 million people worldwide, and the number of deaths had totaled more than 6.3 million. Note, however, that COVID-19 test rates can vary per country. Additionally, big differences show up between countries when combining the number of deaths against confirmed COVID-19 cases. The source seemingly does not differentiate between "the Wuhan strain" (2019-nCOV) of COVID-19, "the Kent mutation" (B.1.1.7) that appeared in the UK in late 2020, the 2021 Delta variant (B.1.617.2) from India or the Omicron variant (B.1.1.529) from South Africa.

The difficulties of death figures

This table aims to provide a complete picture on the topic, but it very much relies on data that has become more difficult to compare. As the coronavirus pandemic developed across the world, countries already used different methods to count fatalities, and they sometimes changed them during the course of the pandemic. On April 16, for example, the Chinese city of Wuhan added a 50 percent increase in their death figures to account for community deaths. These deaths occurred outside of hospitals and went unaccounted for so far. The state of New York did something similar two days before, revising their figures with 3,700 new deaths as they started to include “assumed” coronavirus victims. The United Kingdom started counting deaths in care homes and private households on April 29, adjusting their number with about 5,000 new deaths (which were corrected lowered again by the same amount on August 18). This makes an already difficult comparison even more difficult. Belgium, for example, counts suspected coronavirus deaths in their figures, whereas other countries have not done that (yet). This means two things. First, it could have a big impact on both current as well as future figures. On April 16 already, UK health experts stated that if their numbers were corrected for community deaths like in Wuhan, the UK number would change from 205 to “above 300”. This is exactly what happened two weeks later. Second, it is difficult to pinpoint exactly which countries already have “revised” numbers (like Belgium, Wuhan or New York) and which ones do not. One work-around could be to look at (freely accessible) timelines that track the reported daily increase of deaths in certain countries. Several of these are available on our platform, such as for Belgium, Italy and Sweden. A sudden large increase might be an indicator that the domestic sources changed their methodology.

Where are these numbers coming from?

The numbers shown here were collected by Johns Hopkins University, a source that manually checks the data with domestic health authorities. For the majority of countries, this is from national authorities. In some cases, like China, the United States, Canada or Australia, city reports or other various state authorities were consulted. In this statistic, these separately reported numbers were put together. For more information or other freely accessible content, please visit our dedicated Facts and Figures page.

The rent price index in Australia in the first quarter of 2025 was *****, marking an increase from the same quarter of the previous year. Rent prices had decreased in 2020; in Melbourne and Sydney, this was mainly attributed to the absence of international students during the coronavirus outbreak. The current state of the rental market in Australia The rental market in Australia has been marked by varying conditions across different regions. Among the capital cities, Sydney has long been recognized for having some of the highest average rents. As of March 2025, the average weekly rent for a house in Sydney was *** Australian dollars, which was the highest average rent across all major cities in Australia that year. Furthermore, due to factors like population growth and housing demand, regional areas have also seen noticeable increases in rental prices. For instance, households in the non-metropolitan area of New South Wales’ expenditure on rent was around ** percent of their household income in the year ending June 2024. Housing affordability in Australia Housing affordability remains a significant challenge in Australia, contributing to a trend where many individuals and families rent for prolonged periods. The underlying cause of this issue is the ongoing disparity between household wages and housing costs, especially in large cities. While renting offers several advantages, it is worth noting that the associated costs may not always align with the expectation of affordability. Approximately one-third of participants in a recent survey stated that they pay between ** and ** percent of their monthly income on rent. Recent government initiatives, such as the 2024 Help to Buy scheme, aim to make it easier for people across Australia to get onto the property ladder. Still, the multifaceted nature of Australia’s housing affordability problem requires continued efforts to strike a balance between market dynamics and the need for accessible housing options for Australians.

Australia's café and restaurant scene continues to thrive, with New South Wales leading the way with over 19,225 establishments in operation at the end of the 2024 financial year. The second-leading state in terms of the number of cafés and restaurants was Victoria. As Australia's two largest states in terms of population, the concentration of food service establishments in New South Wales and Victoria mirrors Australia's population distribution, reflecting the urban-centric nature of the country's café and restaurant landscape. Gastronomy: a key economic sector In recent years, the number of cafés and restaurants throughout the country has shown relatively consistent growth, exceeding 55,700 in the 2024 financial year, up from approximately 41,570 in 2017. Australia's cafés, restaurants, and takeaway food services turnover experienced steady annual increases for many years up until the start of the COVID-19 pandemic. Nevertheless, since 2021, the industry's revenue has been on the recovery, hitting a record of over 65 billion Australian dollars in 2024. Additionally, food services represent a key source of gross value added to the tourism industry. An added boost from coffee Coffee plays an important role in the Australian food service sector, with the beverage topping the list of regularly consumed drinks among Australians in a 2024 survey. Several international chains like McCafé operate alongside popular domestic coffee franchises, including The Coffee Club, in the country. Alongside this, the country's annual domestic coffee consumption remains robust, consistently exceeding two million sixty-kilogram bags in recent years, underscoring the enduring nature of Australia's coffee culture. Nonetheless, recent cost-of-living pressures have led to a shift in consumer behavior, with more Australians opting to brew their coffee at home.

A multi-millionaire is defined as someone owning 10 million U.S. dollars or more. It was forecasted that there would be almost 18 thousand individuals in Australia defined as multi-millionaires by 2026. This is in line with the country’s growing economy over the years as well as the growing wealth inequality that was becoming a cause for concern in the island nation.

Distribution of the wealthy

As a rich country with plenty of natural resources and a high Human Development Index, Australia had always had a large number of high net-worth individuals or HNWIs. There were over ten thousand millionaires including a couple dozen of billionaires, with these figures expected to grow significantly over the next few years.

Income inequality

Despite the increase of wealth and economic growth, there was a concern at the level of poverty and homelessness due to the rising wealth inequality nationally. The number of homeless people living in Australia had only been increasing with more than a hundred thousand people currently without shelter. Furthermore, most of the wealth was being pushed from the country to the cities, affecting the livelihood of those living in the countryside or outback.