According to the Asia – Pacific Wealth Report, Australia and the Asia – Pacific region will have the most number of millionaires in the world by 2014. For Australia, the reason behind this is no surprise as investors experience a rapid growth in the most popular sector – real estate.

Real estate has been the choice of investment for Australians. 40.6% of investors invest in the real estate sector, ahead of India, which was at a distant second at 26.5%.

It is interesting to note that Australia had a market high 3.6% GDP growth in 2012, ahead of the global growth rate of 2.2%. Because of these figures, Australian confidence in wealth management strategies was higher than the worldwide benchmark according to the report, with Australia at 45%.

You can read more about this on the Property Observer website.

 

 

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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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