Wealth inequality As part of the report, we explored the extent of wealth inequality in major countries around the world by observing the percentage of millionaires’ wealth control. A higher percentage indicates that the country’s wealth is less averaging. For example, if a high net wealth person controls more than 40% of a country’s wealth,…
3 National operations and trends 3.1 Trends in wealth growth over the past decade Global wealth has grown by 26% in the past decade (from $161 trillion in 2008 to $204 trillion in 2018), and during this period, Asian wealth growth has contributed significantly to global wealth growth. The table below lists the top wealth…
This report covers the overall trends in global wealth and immigration wealth over the past decade and forecasts for trends in the next decade. The table below table breaks down the various wealth categories we saw in this report. Wealth refers to a wealth of valuable financial assets or physical assets that can be converted…
activity Center purpose Encourage centralized retail, residential, commercial, administrative, Entertainment and cultural development become a highly accessible event center community. Strategy Through development, the establishment of activity centers as the focus of high quality development, activities and life An activity center network: Includes a range of centers of different sizes and functions. It is the…
Immigration point Planning is to provide zoning and service land, commercial and community facilities and infrastructure for housing, employment, recreation and open space by anticipating and responding to the needs of existing and future communities. Planning is to recognize and contribute as much as possible to: Health, well-being and safety. A variety of choices. Adapt…
Planning is to recognize the role of urban design, architectural design, heritage, energy and resources Provide the efficiency of livable and sustainable cities, towns and communities. Planning should ensure that all land use and development respond appropriately to its surroundings Landscapes and characters, important architectural forms and cultural backgrounds. Planning should protect places and sites…
Former Labor leader Bill Shorten has been given the portfolios of the National Disability Insurance Scheme and Government Services in Labor’s new-look shadow ministry. Mr Shorten’s replacement, Anthony Albanese, unveiled the frontbench shadow positions on Sunday afternoon. “[Mr Shorten] of course made such an impact on Australians with his work on the National Disability Insurance…
Mortgage repayments are set to become cheaper for many Australian borrowers, as lenders rush to cut their rates ahead of next Tuesday’s widely anticipated Reserve Bank decision. After keeping rates on hold for nearly three years, on Tuesday the Reserve Bank will almost certainly cut the official cash rate to a record low of 1.25 per cent.…
Your age and time in the market will have a marked bearing on how you perceive mortgage interest rates. If you had a mortgage in 1990, during the “recession that Australia had to have”, you might tremble as you recall interest rates reaching 18 per cent, whereas newcomers might wonder what all the fuss is about…
The way Australian homes are built could be changed forever, with new research into a type of engineered timber showing it could cement its place as an environmentally friendly alternative to concrete. Australian cross-laminated timber, or CLT, can replace concrete in many situations, including being used as a foundation for a house. Studies have already been…