Domain (Fairfax) reports on the New World Wealth 2018 Global Wealth Migration Review:
Claiming 10,000 of the total 95,000 high-net-worth individuals that moved country last year, Australia’s result placed it above the US for the third consecutive year.
Only 15 million people around the world fit the report’s criteria as being high-net-worth, with the highest number of wealthy migrants listed as Chinese.
Australia dominates once again due to four key factors, according to the researchers: proximity to emerging Asian economies, its safety record, relatively low inherited taxes, and perceived problems with the US healthcare industry.
Yet Domain does not mention the importance of Australia’s ranking as the world’s safest country for women:
“Woman safety is one of the best ways to gauge a country’s long term wealth growth potential, with a correlation of 92% between historic wealth growth and woman safety levels,” the report says.
“This means that wealth growth is boosted by strong levels of woman safety in a country.”
Australia is among the best performing wealth markets in the world. Over ten years, wealth in Australia has grown by 83%.
It could be that Domain ignored Australia leading the world in women’s safety because acknowledging the positive might undermine the perpetual insistence at Daily Life – also Fairfax – that Sheilas are perpetual victims of abuse. Maybe. Possibly.