Debt to Wealth Ratio Low – Australia Is a Wealthy Country
There has been some concern about the amount of debt in Australia. However, not much has been mentioned about the wealth in the country. Every Australian has an average net worth of $387,000, which brings more clarity to the real economic state of the country.
According to Australia Immigration Professionals, “Many foreign nationals are moving to Australia due to the positive changes in the economy.” The debt ratio is the lowest since 2008, hitting a low of less than 20%. It is a great time to move to Australia to start a new life. Even the amount of cash and deposits has had a huge increase in the last year.