Perth will have a larger ultra-high net worth population than Brisbane by 2014, thanks to its growing mining sector and the surge in commodity prices.
Figures from research company Wealth-X show Perth is currently home to the fourth-highest concentration of ultra-wealthy in Australia, behind Sydney, Melbourne and Brisbane.
But in only a couple of years, the city, located in Western Australia, will see its UHNW population outgrow Brisbane’s, according to the report.