Outlandish as it may seem, the lavish spending has become commonplace within the inner circles of Sydney's community of wealthy Chinese. Billionaires from mainland China, Hong Kong and Singapore, along with homegrown Asian tycoons, have turned the Harbour City into their playground.
Melbourne. Melbourne is favoured by many overseas immigrants because of its developed economy, beautiful living environment and rich culture.
Pockets of wealthy people with Asian ancestry are visible around the CBD, Chatswood and Hornsby, among other places. In this map the Eastern Suburbs and Northern Beaches go fairly dark, although the central Sydney area is still lit up with people of Asian ancestry (students, perhaps?).
No suburb in the country features a greater concentration of members of The List – Australia's Richest 250 than Toorak, where Melbourne's wealthiest families have gathered for decades. Think historic looking mansions guarded by large hedges set back from the street to ensure privacy.
In Adelaide the top three "Hua Ren Qu" suburbs are Adelaide City (11.7%), Dry Creek (11.2%), Ashford (6.5%).
Shenzhen is nicknamed the Silicon Valley of China.
From the mid-20th century onward, emigration has been directed primarily to Western countries such as the United States, Australia, Canada, Brazil, The United Kingdom, New Zealand, Argentina and the nations of Western Europe; as well as to Peru, Panama, and to a lesser extent to Mexico.
The Australian Taxation Office (ATO) analysed the tax returns of more than 15 million Aussies from the 2020-21 financial year to come up with the rich list. Double Bay took out the top spot, living up to its 'Double Pay' nickname, with residents of the 2028 postcode raking in an average annual income of $266,381.
Sydney's eastern suburbs have raced to the top as the favoured place to live by Australia's highest earning residents. According to the latest report by the Australian Tax Office, residents of the premium suburbs of Darling Point, Edgecliff and Point Piper earned the highest mean income of $177,514 during 2012-13.
Mungallala Methodist Church was built in 1964. It has now closed. In 2016, the Australian Taxation Office listed Mungallala as having the lowest mean taxable income by postcode, making it the poorest town in Australia, which led the ABC to do a documentary on the town for their online "storyhunters" program.
Chinese and Indian Australians, particularly second and third generation immigrants, are present in large numbers in Sydney and Melbourne, with Chinese Australians constituting Sydney's fourth largest ancestry group.
It comprises the majority of the Haymarket suburb, between Central station and Darling Harbour. It is part of the local government area of the City of Sydney, and is Australia's largest Chinatown.
By the early 1850s, news of a gold rush in Australia had reached southern China, sparking an influx in Chinese migration to Australia. It is thought that approximately 7000 Chinese people came to work at the Araluen gold fields in southern NSW.
Beyond the original Chinatown in the CBD, several newer Chinese communities have developed in Melbourne's eastern suburbs, such as Box Hill, Glen Waverley and Springvale. An older community, with links back to the 1850s gold rush, is to be found in the regional city of Bendigo, 150 km north-west of Melbourne.
Home to the Melbourne's largest Chinese population is the suburb of Box Hill, located less than 15km east of the CBD. In Box Hill, over 60% of residents are either born in China or with Chinese ancestry (35.4 per cent Chinese ancestry and 27.6 per cent China-born).
Five of the country's top 10 richest towns are located in Western Australia, according to the latest census data, with Dampier taking the top spot with 22% of its residents earning more than $4,000 per week.
New South Wales: a diverse economy and high income
Among all the states and territories in Australia, New South Wales is considered the richest state. It has the largest economy, a diverse range of industries, and a higher-than-average income, which contribute to its status as the wealthiest state.
Of the top 10 richest postcodes, 1 is located in Western Australia, 1 is located in Victoria and the remaining 8 are all located in some of the most exclusive spots across Sydney.
With 126,900 millionaires, Sydney made it to number 10 with the report noting especially strong growth in wealth in the Harbour City over the past 20 years, making it Australia's wealthiest city. It's also predicted to reach the top 5 wealthiest cities in the world by 2040.
Sydney. Sydney rounds out the top 10, with 126,900 millionaires. This makes the city Australia's wealthiest.
94% of China's population lives east of the Heihe–Tengchong Line. West of the line: 57% of the area; only 6% of the population. East of the line: 43% of the area; 94% of the population. The line roughly demarcates historic Han China from territories occupied by force.
Population. At the end of June 2021, 595,630 Chinese-born people were living in Australia, 53.7 per cent more than the number (387,420) at 30 June 2011.
After the City of New York itself, the boroughs of Queens and Brooklyn encompass the largest Chinese populations, respectively, of all municipalities in the United States.
China's wealthy community is looking to move out of the country as President Xi Jinping's crackdown on big tech industries, real estate and education, and his push for "common prosperity" over the past two years have terrified them, reported ANI citing The Singapore Post.