Australians World’s Wealthiest on Housing, Credit Suisse Says – Bloomberg 10-10-12

Salient to Investors:

Credit Suisse said:

  • Australians have a median wealth per adult of $193,653, the world’s highest.  median worth
  • The Asia-Pacific region topped Europe as the largest wealth-holding region
  • Australia’s proportion of individuals with wealth above $100,000 is the most of any country and eight times the world average due to plentiful land, sparse population, natural resources and high home prices

Francesco de Ferrari at Credit Suisse said a radical reconfiguration of the world’s economic order is taking shape – Asia-Pacific is two-thirds of the world’s middle class of emerging consumers and remains the key growth engine of the world economy and global wealth.

Read the full article at http://www.bloomberg.com/news/2012-10-11/australians-world-s-wealthiest-on-housing-credit-suisse-says.html