- 25 October 2019
Where in the world are High Net Worth Individuals (HNWI's) moving to?
A high-net-worth individual (HNWI) is somebody with around $1 million in liquid financial assets.
A recent report showed that China lost 15,000 HNWI’s across the 2018 year.
Where did they go??
There you have it, for the fourth year in a row, Australia beat out the US as the top destination for migrating HNWI’s!
Why is it so?
Our enviable lifestyle, coastal living and more prove very attractive for many migrants to our great country!
So . . . demand for houses leads to . . . increasing supply of housing required = continued great prospects for ongoing capital growth in our major capital cities.
Australia's unemployment rate fell marginally to 5.2 per cent in September, on a seasonally adjusted basis.
In context, this is an improvement over the previous month's result (5.3pc)
This drop was partly based upon the creation of 26,200 full-time roles.
All good signs, pointing to further stability in our property markets with great prospects for continued capital growth in areas of high demand - our coastal capital cities!
Make contact with your Property Mentor or hit enquiries@propertyclub.com.au for further information, so you can get the right properties in the right areas, best selected for capital growth!
Troy Gunasekera | National Manager
Related Posts
Stamp Duty Doesn’t Have to Hurt — Here’s Where It Doesn’t
Stamp duty isn’t the most exciting part of buying property, but it can seriously shape what you can afford and how quickly you can grow your portfolio. A national report by SQM Research for the Real Estate Institute of Australia (Stamp Duty: The Relationship to Australian Housing Affordability and Supply, October...
Don’t Just File Your Tax. Use It.
EOFY is coming, and most Australians are getting ready to tick the box, lodge the return, and move on. But smart investors know this isn’t just the end of a financial year — it’s a checkpoint. This is your chance to stop handing over more tax than you need to. And property could be the most powerful tool you’re not...
Are You Actually Ready to Retire? Or Just Sick of Work?
Retirement is not what it used to be. The old model of working full-time until 67 and then calling it quits is changing. More Australians are asking deeper questions. Am I financially ready? Do I want to stop working, or am I just tired of my current job? Do I have enough to live the life I want, or just enough to...