The Lifestyles of the Rich and Famous: Following Global Wealth with Liam Bailey

Brent Sinclair, Partner and Head of Agency at Knight Frank Newcastle hosts Newcastle Unlocked: a podcast that focuses on the current state of Newcastle’s real estate market across sectors and what it means for investors. 

In this episode Brent is joined by Liam Bailey, Global Head of Research at Knight Frank, to unpack the latest findings from Knight Frank's globally recognised publication, The Wealth Report.

With over 20 years of research into ultra‑high‑net‑worth individuals, Liam shares insights into how wealth is being created, where it’s flowing, and how those trends are influencing property markets around the world. From the continued rise of global wealth and shifting investment strategies, to the growing importance of experiences and mobility, this episode explores the forces shaping real estate today – and what it means for Australia.

In this episode, we cover:

• The growth of ultra‑high‑net‑worth individuals globally
• Why wealth continues to outperform the broader economy
• Key international markets, including Tokyo, Dubai and Mumbai
• How politics and taxation are influencing investment decisions
• The rise of global mobility among wealthy investors
• Luxury spending trends and the shift towards experiences
• The demand for turnkey “trophy homes” Australia’s outlook and why it punches above its weight