Savanth Sebastian, senior economist at CommSec, reported that Australians are in a very good place economically due to the large amount of wealth at their disposal. While Australia has a large debt, it is often forgotten that it is balanced out with the amount of wealth in the country.
Every man, woman, and child in Australia has an average net worth of $387,000, which is more than enough cushion for spending. Australia Immigration Professionals helps thousands of foreign nationals who want to immigrate to Australia each year. It is an ideal time to consider this move, as Australia is doing very well economically. The balance to debt ratio is less than 20%, the lowest since 2008.