Australia will have 400,000 new millionaires by 2028

According to The Australian Financial Review, the number of millionaires will grow by 21 per cent in the next four years as surging home values, superannuation balances, and gifts and inheritances push Australians up a global ranking to become the second-richest people in the world on paper.
The average Australian’s wealth grew by nearly 10 per cent in 2023, more than twice the average rate of the other 56 countries studied as part of the 2024 UBS Global Wealth Report.
Median wealth, considered a more accurate measure of wealth than the average because it is not so easily skewed by the few mega-wealthy, also grew at about 5 per cent, making Australian adults the second-wealthiest in the world, with a median wealth of $US261,805 ($388,192).

https://www.afr.com/wealth/personal-finance/australia-will-have-400-000-new-millionaires-by-2028-are-you-one-of-them-20240709-p5jsbh