More Australians Are Becoming Millionaires

High net worth individuals in the country have grown by 15.5%, according to RBC Wealth management Asia-Pacific Wealth Report of 2013. It is forecasted that Australia and the Asia-Pacific will lead the world in HNWIs by 2014. The GDP rising by 3.6%, share markets increasing by 2.1% for property values all attributed to the growth of HNWIs by 9.4% over 2012 according to the report.

What’s interesting to note is that 40% of HNWIs invest in property investments. This percentage exceeds the global average twice, a clear indication that demand for property in Australia is not waning.

Read more about this on the Australian Broker Online website.

Author: Dorian Traill

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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