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 […]
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 […]
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 […]
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 […]
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 […]