The latest projections by Rice Warner claim improving accessibility and cost reduction will see investors flocking to platform investing.
“The value of personal investments held on platforms is projected to rise from $71 billion in June 2015 to $315 billion over 15 years in today’s dollars, up by more than four times,” the report said.
In its Personal Investments Market Projections 2015 report, Rice Warner forecast the Australian personal investments market will nearly double from $2.2 trillion today to $4 trillion by 2030.
Currently, investment property and cash and term deposits make up the lion share of the personal investments market, totalling 42.6 and 42.2 per cent respectively.
Shares are expected to grow from 13.3 per cent to 21.7 per cent by 2030, with Rice Warner counting on the search for higher yields to drive investors from cash and term deposits.
International equities are projected to grow as their accessibility and affordability make them attractive to investors looking to diversify.
At the end of financial year, Australia’s personal investments market sat at $2242 billion, while its superannuation market lagged a little behind at $2023 billion.