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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