About 95,000 millionaires (high net worth individuals) immigrated to Australia in 2017, compared with 82,000 in 2016 and 64,000 in 2015, according to the 2018 Global Wealth Migration Review analysis released by New World Wealth, a Wealth research institute. The trend of wealth transfer in the world has become increasingly fierce, and Australia may be favored by the rich.
Figures show that the top one per cent of the world's population own 45 per cent of the world's wealth. With the world's resources in their hands and access to the world's most cutting-edge information, it's safe to follow them for investments.
For the third consecutive year since 2017, Australia has become the world's most popular country for the rich. Their favorite places to live are Sydney, Melbourne, Gold Coast, Sunshine Coast, Perth and Brisbane (all of which are in Queensland). According to the report, Australia attracted a total of 10,000 high net worth immigrants in 2017, with a net worth of 1 million US dollars (about 1.25 million Australian dollars). The United States was second. Among the world's most popular cities for high net worth individuals in 2017, Gold Coast (No. 1 among Australian cities), Melbourne and Sydney all made the list.
2017 (the latest) favorite countries for high net worth individuals
（Source from：New World Wealth）
（Source from：New World Wealth）
And it is the best place in the world to immigrate
（Source from：New World Wealth）
Why do the rich prefer Australia
According to the new world wealth view, they believe that, firstly, Australia has a superior geographical position. Australia is a bridge connecting major Asia-Pacific economies such as China, Japan, South Korea, Hong Kong, Singapore and Vietnam.
Australian society as a whole is relatively stable. Australia was voted the safest country in the world for women and children, and a safer place to raise children.
There is no estate tax under Australian federal law, and Australian states have abolished it since 1992.
Australia's health care system is very complete, more reliable and more comprehensive than that in the United States. In the United States, its medical policy for high net worth foreigners is relatively strict. Outside the United States, international medical aid is available in most developed countries (it is a cautionary tale). In particular, the Affordable Care Act, introduced in 2010 in the US, did not do much to help the rich and middle class, and average premiums rose by 120 per cent after it was passed.
Australia's rapid economic growth over the past decade has also provided more business opportunities -- the country's total wealth has risen by 83% in the past decade, compared with 20% in America (after all, it has only 25 million people). Therefore, the average income of Australian residents is higher than that of American residents, which would not have happened 10 years ago. A growing number of large European, American and Asian companies are now based in Australia, helping entrepreneurs to migrate to the country through work.
What are the rich investing in Australia?
According to the survey, the large number and rapid growth of Australia's high net worth population are closely related to two aspects: housing market and stock market.
Compared with other investment methods, real estate is still a high-yield investment and the most powerful and stable hedge against inflation. According to the 2018 “Wealth Report” released by Wealth X, real estate is still one of the favorite investment methods of the world's rich.
（Source from：New World Wealth，2018 Wealth Report）
Global commercial real estate transactions totaled 5.4 trillion yuan in the past 2017, thanks to stable real estate returns, high returns and opportunities for capital appreciation. In the meantime, according to ASX, Australia's largest stock exchange, there were only three types of investment products with an average annual return of more than 6% in the 10 years to the end of 2015. Australian bonds and global hedge bonds, global hedge stocks, investment in civil real estate! Among them, investment in residential real estate ranked the top one! Average annual return is as high as 8%, which is more than the 7.3% return on second-place global hedged bonds. Such a superior rate of return on investment also explains why Australians show special preference to real estate investment!
On the other hand, Australia's high net worth population has been able to maintain a stable growth, which is mainly due to the government's protection policies for the real estate market. Australia has been able to avoid many financial crises, and its real estate market protection policies and effective regulation and control of the financial system also play a major role. In addition, Australia has a series of measures to protect the healthy development of the real estate market, including high development limits, information transparency, strict compliance with laws and regulations, and high credit mechanism and so on.
As the sixth-largest country in the world, Australia only has a population of 25 million, but most of its population lives in major cities along the southeast coast. With the rapid growth of economy and population, the shortage of real estate in these hot cities has become more and more obvious, resulting in the steady rise of housing prices and rents in these cities. To sum up, a series of reasons attract the global rich to invest in Australia, including Australia's comfortable lifestyle, relatively good social security, and long-term stable politics and economy. Since the global financial crisis, high net worth individuals around the world not only seek higher return on capital investment, but also focus on the safety and stability of their assets. Australia happens to be one of the few developed countries that can meet many of these expectations. As more and more people choose to move to Australia, the market demand for Australian real estate will also increase.