What Changes at $100K, $1M and $5M Net Worth in Australia

Interested in trading? Try Mitrade's demo account for free: https://mytd.cc/wWHK Net worth levels in Australia: what changes at $100,000, $1 million and $5 million, from bank perks and loan pricing to private banking and wholesale investor access. Your net worth changes how banks, lenders, financial advisers and even friends treat you. This video walks through the 3 big milestones Australians hit on the way to building wealth, and what each one really unlocks. Knowing what each net worth milestone changes helps you get more from your bank, ask better questions of your adviser, and stay alert to scams. Chapters: 0:00 Net worth levels in Australia explained 0:56 Home deposit, LMI and home loan rates 1:42 Bank fee waivers and savings history 2:45 Premier banking and relationship managers 3:34 Financial advice fees, friends and family 4:36 Wholesale and sophisticated investor test 5:50 Private banking and Division 296 super tax 6:35 High net worth risks: investment scams and deal pitches 7:18 Net worth milestones summary for Australians Check out the channel's playlists for more videos on retirement, tax, investing, super, and more. Retirement in Australia → https://www.youtube.com/playlist?list=PLQLTyWVl7eWbzf4hpqj_I_WNL1xRlVQGV Tax & EOFY → https://www.youtube.com/playlist?list=PLQLTyWVl7eWZlXZQcaF3j0N85O8SieHRU Superannuation → https://www.youtube.com/playlist?list=PLQLTyWVl7eWZg_kZinVmlIYHgFcXbKGjh Investing & Wealth Building → https://www.youtube.com/playlist?list=PLQLTyWVl7eWaGPVPmfb6PF5f4sF__9cIz Salary & Cost of Living → https://www.youtube.com/playlist?list=PLQLTyWVl7eWYqAWIOqTXdxvIG_6Z6LuBf Legal Disclaimer: Figures are current as at September 2026. Bank thresholds and product features can change, so check the provider's website before acting. This video is general information only and does not consider your personal circumstances. Speak to a licensed financial adviser before making investment decisions. 💬 Creator’s Note: Each video on this channel ta