With property prices booming, more Aussies are choosing to spend on home improvements rather than a pricey move. How are Australians changing their houses to focus on a connection to the land, doing less with more and creating spaces that nourish both the stomach as much as the soul?

Australia is now home to 30 billionaires and 3,350 UHNWIs with a total wealth of $410 billion. As this group has grown in size and riches, it’s created a boom in the country’s luxury sector. But what are wealthy Aussies spending their money and – more importantly – their time on?

Australia is one of the most popular migration destinations for European citizens, and with notoriously high wages and a successful sidestep of the global financial crisis, it's considered one of the most financially stable countries to live. But debt is on the rise – is there trouble in Australia's paradise?

With Australians in their 20s and 30s entering the housing market later than their parents – and in much smaller numbers – they've been termed "generation rent". And while owning a home isn't the sum total of the great Australian dream, the young still feel like they're missing out.