Economic Growth

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Aussie Drops to 3 ½ Year Low

The Australian Dollar has hit a 3 ½ year low, falling to the US dollar at 86.97¢. This is the lowest the AU dollar has been since July 2010. But according to RBA board member Heather Ridout, the currency has yet to reach alarming levels.

Influenced by the recent slow growth of the Chinese economy, there […]

By |January 24th, 2014|Economic Growth, Events|Comments Off on Aussie Drops to 3 ½ Year Low

85 Richest in the World Share the Same Wealth as with 3.5 Billion

85 of the richest in the world have the same wealth as of half of the world’s population, or 3.5 billion people. This only shows that the rich have not only recovered but have blossomed after the Global Financial Crisis.

The wealth of 1% of the richest in the world is worth $110 trillion US dollars […]

By |January 21st, 2014|Economic Growth, Finance|Comments Off on 85 Richest in the World Share the Same Wealth as with 3.5 Billion

Australia Ranks Third Best for Business Worldwide

The Heritage Foundation, a research and educational institution has named Australia as one of the top three countries to do business with behind only Hong Kong and Singapore. New Zealand and Taiwan finished at 4 and 5 respectively.

The ranking was based on the ease of doing business in the country. According to Heritage, ”Australia has […]

By |January 16th, 2014|Economic Growth, Events|Comments Off on Australia Ranks Third Best for Business Worldwide

Credit Suisse: Median Wealth Makes Australia the Wealthiest in the World

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 […]

By |October 10th, 2013|Economic Growth, Finance|Comments Off on Credit Suisse: Median Wealth Makes Australia the Wealthiest in the World

Australians Will Be Among The World’s Rich in 2014

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 […]

By |September 30th, 2013|Economic Growth, Investment, Property Investment|Comments Off on Australians Will Be Among The World’s Rich in 2014