When ranking regions* each year, we evaluate a number of factors including population growth, adviser density and switching, household income and region affluence to name a few.
1. Geelong
2. Brisbane – Inner City
3. ACT
4. Moreton Bay
5. Sydney – Baulkham Hills to Hawkesbury
6. Tasmania (excluding Hobart)
7. Bendigo
8. Sunshine Coast
9. Melbourne – North
10. Bunbury – Mandurah
*Every region benchmarked annually across Australia – comprehensive reports and data available on each region
A quick sneak peek at Geelong
In the vibrant tapestry of Australia's financial domains, Geelong emerges as a radiant gem – or dare we say, the crown jewel – for wealth practice. While it might have once been famed for its wool and a touch of the golden rush, this coastal marvel has transitioned into Australia's Numero Uno hotspot for financial mavens.
Why, you ask? Just ask the trinity of Geelong's financial sorcery: David Maddock of Apt Wealth, the Sherlock of strategy; Daniel Twentyman of Surf Coast Wealth Management, who probably surfs on waves of investment returns; and Brendan O'Rourke of Geelong Wealth Advisers, the veritable Gandalf of Geelong’s fiscal landscape. These wizards, amongst others, make up the 6 advisers per 10,000 residents. Quite the cozy number, matching the Australian average – but with more pizzazz, given Geelong's many charms.
Speaking of numbers, Geelong has proudly pranced ahead with a 2% population growth. While the rest of Australia was apparently practicing their best impression of a tortoise at a 0% growth, Geelong was the hare. With a sophisticatedly mature median age of 40 (2 years more distinguished than the national average), and a staggering 31% of the populace luxuriously lounging in the over-55 golden club (beating the 29% Aussie average), the opportunities here are as vast as the coastline it boasts.
In summary, for any financial savant aspiring to establish their wealth practice dominion, Geelong beckons with history, geography, and a demographic goldmine. Come for the numbers, stay for the views, and hobnob with the best in the business. After all, if it's good enough for Maddock, Twentyman, and O'Rourke, it's certainly a spot worth marking X on the treasure map!
Summary of Geelong by numbers:
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