Surging asset prices have led to an additional 70,000 Australians crossing the $1 million in investible assets threshold to achieve “high net worth” status in the past year – and they have an increasing appetite for investing in private markets.

This represents a rise of 10 per cent, and untroubled by volatile financial markets, the collective investible assets of high net worth (HNW) Australians increased by 18 per cent to reach $4 trillion for the first time, up from $3.39 trillion in 2024.