Real estate wealth in Australia comprises 59% of all household asset value ranking the nation as the second highest in the world in the recently released Credit Suisse Global Wealth Databook 2013. Because of these numbers, should we encourage more to invest in property?
In the Credit Suisse report, Australia ranks second in average wealth and in least unequal distribution of asset values and income. The nation is ranked first overall in median wealth globally. Based on the numbers, property has been considered the great wealth equalizer in the country.
Read more about this on the Adviser website.