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Luxury estate agent Knight Frank and Wealth-X, the research firm that concentrates on high net worth individuals, just released their comprehensive annual report on where they are buying property and how much it costs them.
Looking at the world's super-rich elites, the report examined the cities globally that, right now, are attracting the most new millionaires to live. The popularity of a city is calculated on the net number of high net worth individuals (HNWIs)— those with $30 million (£24.2 million) or more in net assets — moving into major cities across the world.
As the report notes: "The latest data on HNWI migration confirms the strong and growing attraction of Australia, the US and Canada as destinations for the footloose wealthy."
"Cities such as Sydney and Melbourne top the list of growth markets," it continues.