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Australians getting richer: Credit Suisse
Australians getting richer: Credit Suisse
Australia has risen to the highest median level of wealth out of any developed country, according to new research from the global investment bank.
A
Credit Suisse’s
Global Wealth Report found that the median wealth per adult in Australia was US$238,070, compared to US$173,770 in Hong Kong and US$171,620 in New Zealand. Belgium was the second-wealthiest country by median figures, with US$230,550 in wealth per adult.
Australia was also high up in the average wealth figures at US$483,760 per adult, behind the US on US$505,420, Hong Kong at US$503,340 and Switzerland on US$673,960. Australia also recorded the second-highest increase in average wealth per adult at US$65,700.
10 things you need to know this morning in Australia James Hennessy
1.
Face masks will be required in all indoor public areas across Greater Sydney for another week, Premier Gladys Berejiklian announced yesterday. The restrictions, which were set to end at midnight tonight, were extended in response to the city’s Bondi cluster growing to 21 people. NSW Health revealed 10 new local cases of COVID-19 on Wednesday.
2.
Victoria has declared seven Sydney local government areas as red zones. Any non-Victorian resident who has visited City of Sydney, Waverley, Woollahra, Bayside, Canada Bay, Inner West and Randwick is not allowed to enter Victoria as of today.
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