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