The big themes this year

Published against a backdrop of heightened geopolitical uncertainty, this year’s report shows that global wealth creation remains remarkably resilient. Over the next five years, an estimated 129 people a day will move into the ultra‑high‑net‑worth bracket, reinforcing the growing influence of private capital across property, investment and luxury markets.
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Global Wealth Grows
The Knight Frank Wealth Sizing Model reveals the extraordinary pace of global wealth creation.

Plutonomy Remains Intact
Plutonomy, an economic model where the ultra-wealthy command a disproportionate share of global wealth, remains intact.

The Reimagined Family Office
The world's 10,000 family offices are evolving into highly professionalised investment platforms.

Prime is on the rise
Our unique Prime International Residential Index (PIRI100) recorded a 3.2% average rise in global luxury residential markets in 2025.

Structural Forces at Work
Accelerating wealth creation continues to provide some insulation for luxury properties from broader economic volatility.

Commercial Real Estate Diversifies
Investors continue to diversify into fascinating new sectors. Energy-hungry data centres are becoming critical infrastructure plays.

Luxury Stabilises
The Knight Frank Luxury Investment Index (KFLII) stabilised in 2025, closing down just 0.4%.

The Transformation Economy
Consumer choices underpin the growth of the "transformation economy", prioritising investments that facilitate personal growth, wellness and a sense of belonging.

Our Partnership

The partnership between Knight Frank and McGrath Estate Agents brings together two powerhouse real estate brands, combining local expertise with a global network. With McGrath's leadership in the Australian residential real estate market and Knight Frank's expansive international reach of more than 750 offices across 50 territories, this alliance connects buyers and sellers across borders, offering exceptional opportunities and market insights.

Together, the brands are united by a strong cultural alignment with a shared commitment to delivering unparalleled service and the best solutions to clients. The partnership between the two brands began in 2024 and today, Knight Frank and McGrath have more than 170 offices across Australia; a network that is only continuing to grow.

Important notice

© Knight Frank Research provides strategic advice, consultancy services and forecasting to a wide range of clients worldwide including developers, investors, funding organisations, corporate institutions and the public sector. All our clients recognise the need for expert independent advice customised to their specific needs. Important Notice © Knight Frank Australia Pty Ltd 2023 – This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank Australia Pty Ltd for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank Australia Pty Ltd in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank Australia Pty Ltd to the form and content within which it appears.approval of Knight Frank Australia Pty Ltd to the form and content within which it appears.