According to the latest data released by the Australian Bureau of Statistics (ABS), Australia's total population grew by 1.6% to 24.7 million in the year ending September 2017, averaging one new person every 1 minute and 26 seconds, the fastest growth rate in eight years.
It is worth mentioning that overseas migration continues to be the driving force behind Australia's population growth. Data from the Australian Bureau of Statistics indicates that overseas migration has increased by 250,100 across Australia, accounting for 63% of the total population growth.
▲ Blue indicates total population growth, orange indicates natural growth, and green indicates migration growth
Additionally, the "2017 Global Wealth and Wealthy Immigration Trends Report" released by consulting firm New World Wealth shows that Australia retained its title as the most popular immigration destination for wealthy individuals globally in 2017, with the number of wealthy individuals migrating to Australia reaching 10,000 last year!
What makes Australia so special that attracts wealthy individuals?
1. The Most Livable Country
Australia is recognized as one of the countries with the highest quality of life. It boasts clean air and a fresh environment, making it ideal for living. Beautiful beaches, sunshine, and the ocean are synonymous with Australia.
Studies from the World Health Organization also indicate that Australia's air quality is better than that in most parts of the world, exceeding international standards by 5.4 times, with a PM10 index of only 13 micrograms.
The "2018 Global Livability Ranking" report from Numbeo evaluated the cost of living, housing index, healthcare, transportation, crime, and environmental pollution across 191 different countries and regions around the world, ranking Australia 7th among the top 21 most livable countries.
2. A Country with Relatively High Salaries
As an established developed economy, Australia ranks first in global salary rankings!
According to a report released by the ConvergEx Group, Australia has an hourly wage of $16.88, higher than the $7.25 in the United States, leading other major countries and standing atop the rankings!
3. The Most Suitable Country for Retirement
The Wharton School of the University of Pennsylvania, in collaboration with U.S. News & World Report, found that Australia ranks second among 65 countries surveyed for retirement systems globally.
Australia's retirement system is highly developed, featuring various welfare systems, such as superannuation and pension funds, as well as reverse mortgage products. The healthcare industry in Australia is also very advanced.
Currently, Australia has more than 1,100 hospitals, over 60% of which are public hospitals, with an average of 4.5 hospital beds per 1,000 people. There are about 42,000 registered doctors and 190,000 registered nurses. Every year, over 1 million senior citizens in Australia receive various forms of elder care. Among them, 70%-85% of funding for elder care services comes from the Australian Federal Government's tax revenue.
4. QS World University Rankings: Eight Prestigious Universities in the Top 100
The latest QS World University Rankings for 2018 featured a total of 956 institutions.
According to the latest rankings, the Australian National University (ANU) continues to hold the position of the best university in Australia, ranked 20th globally, with the University of Melbourne at 33rd and the University of Sydney at 41st. Moreover, all eight of Australia's prestigious universities made it into the top 100 list.
5. Dominating Global Rankings
The Second Best Country for Raising Children: Australia Ranks Second
The Economist Intelligence Unit identified the top 10 places for raising children, with Switzerland taking the first spot and Australia coming in second!
A Suitable Country for Chinese Immigrants
Forbes selected the top ten most suitable countries for Chinese immigration in 2013, with Sweden, Australia, and Germany leading the list, followed by Japan. Sweden is the largest country in Northern Europe and one of the wealthiest countries in the world.
Human Development Index Ranking
Australia ranks second in the United Nations Human Development Report and Human Development Index, with Norway in first place. The United States is ranked 10th, and China is ranked 90th.
Happiest Country in the World: Australia Ranks Ninth
In March 2017, the United Nations released the "2017 World Happiness Report", ranking Australia ninth, with Norway, Denmark, and Iceland taking the top three spots.
At WorldWay Immigration Club, we sincerely aim to enrich your global financial investment perspective and advocate for a high-end international quality lifestyle. With twenty years of professional top-level asset allocation experience, we strive to create an elite business exchange circle of international quality for you at the top of the pyramid. Consultation Hotline: 400-186-0266
