The median wealth is the midway point between the richest and the poorest in the community, and Australians are the richest when it comes to median wealth at $219,505 (US dollars), according to Credit Suisse, a Zurich-based bank.

The country’s wealth is evenly spread out, but 59% of the gross household assets are invested in real estate.

1.76 million Australians are in the top 1% of the wealthiest in the world, despite only covering 0.4% of the world’s population. The country’s wealth as a whole has also increased by 2.6% from last year.

 

Read more on The Australian 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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