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Property Holdings Have Triggered Australians’ wealth

australians' wealthAn article on the website Smart property Investment confirms that Australians have the highest median wealth in the world (A Credit Suisse report). This is due to the property holdings of Australian investors.

Barring Norway, Australia is at the top in terms of percentage of people investing in real estate. The median wealth of Australian adults stands at A$ 263,450. The trend fairly reflects on the availability of enormous land tracts in Australia. It is also suggestive of the high property prices in its urban areas.

Another piece of good news for Australians is that they have the highest number of people above the US$100,000 mark. They are second only to the Swiss in terms of average wealth.

You can read the original article here.