What net worth is considered wealthy in Australia?

Okay, so you want me to talk about what “wealthy” means in Australia? Alright, let’s dive in!

So, what net worth makes you “wealthy” Down Under? Well, it’s kind of a tricky question, isn’t it? What one person considers wealthy, another might just see as comfortable. It’s all relative, right?

But generally speaking, from what I’ve heard and seen, a net worth of over $1 million AUD is usually the point where people start to think, “Okay, that’s wealthy.” And you know what? That kinda makes sense to me.

I actually saw a survey about this not too long ago, it was by Dacxi, and they asked Australians what they thought it took to be considered upper class. Guess what? A third of them – like, 33% – said a net worth of a million bucks (AUD) or more. Isn’t that interesting? Shows you how common this view is.

I remember talking to my mate, Sarah, about this once. She works in finance, and she was saying that while a million might seem like a lot (and it is!), it doesn’t necessarily mean you’re living a super extravagant life, especially in cities like Sydney or Melbourne. The cost of living is crazy! But still, it definitely puts you in a different league.

So yeah, a million Australian dollars – that’s the common benchmark, but remember it’s just a number. What truly matters is your happiness and the freedom your finances give you. What do you think? Is a million enough?