FBP InternationalFBP InternationalFBP International

Australians – Now becomes the world’s wealthiest community

Australians are now the richest people on the planet despite the cost-of-living crisis, according to a new survey. According to the Credit Suisse Global Wealth Report, the median personal wealth for an adult Australian was a whopping $409,055 (US$273,900), making Australians the world’s richest people. The report separated the adult population’s wealth distribution into two equal groups, with half having wealth above the median and the other half having wealth below, in order to determine the median wealth. Significant increases in GDP are anticipated to result in sizable wealth gains at the national level, and this was unquestionably the case in 2021, according to the report.

“During the pandemic’s peak, housing markets were initially muted, but they bounced back in the second half of 2020 and continued to grow in 2021. Low borrowing rates were probably a contributing element to the booming home market. Unusually, no nation saw a drop in housing costs in 2021. Skilled workers are high demand in Australia currently, and skilled migration gap is overcome after the pandemic situations

The fact that the world economy is constantly evolving is no secret, and the recent consequences of COVID-19 seem to just accentuate that fact. In particular, lockdowns and laws related to the nation’s reaction to the global pandemic have severely hampered the Australian economy.

Nevertheless, it is anticipated that the economy would adjust to these changes through workforce development and the adoption of a greener, more sustainable strategy. Numerous forecasts have been made on the direction of the Australian economy in the wake of COVID-19.

And while it might take some time for the Australian economy to recover from the undeniably significant losses it has suffered since March 2020, the changes that could happen going forwards aren’t necessarily all bad.

But there are a few things that we’ll probably start to see alter in Australia in the coming years for country’s economy thrive.

  • Workforce development will change.
  • Hybrid jobs will be the norm.
  • Australia will transition to a green economy.

Instead of only recovering from the Covid outbreak, the number of job opportunities in the Australian labor market has increased. According to the most recent Australia Bureau of Statistics data, the number of available posts in the nation has increased by 111.1% from February 2020 to 480,100. In Australia, nearly everyone who is willing and able to work is finding employment, or what is known as a full rate of employment. In June, the jobless rate decreased to 3.5 percent. According to The Guardian, the sectors with the greatest absolute number of job opportunities are healthcare and social assistance.

FBP International is a team of highly experienced Australian immigration and settlement specialists. We provide comprehensive guidance during your visa application process. Over the years we had a 99% success rate! As our motto itself is ‘We will not take on your case if we don’t believe you have a good chance of success.’

FBP International is also one of the very few elite immigration service providers that was able to receive 491 Visas for its clients within three to six months of filing!

Contact us NOW to get your application started.

Leave A Comment