Investment Bank Credit Suisse recently conducted the fifth annual study of global wealth trends and found out that Australians are the richest in the world at a median wealth of $US 225,000, with around 60% of household relying heavily on Property.
Only 6% of Australians are living at a wealth below $10,000 compared to 70% of countries worldwide and 29% of the population in the United States. The global wealth is 40% higher than the GFC low in 2008.
The Australian wealth has been on a steady climb, with the net worth of the average Australian ballooning from $US 103,151 in 2000 to $US 431,000 today. Over the past year, the average wealth for Australians has increased to 5%.
Read more about this on the Sydney Morning Herald 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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