Australia's average wealth is just 1.8 times our median wealth; by contrast the UK's is 2.2 times greater, while the US is second worst out of the top 50, at 6.7 times.
Australia has a GDP per capita of $48,700 as of 2020, while in United Kingdom, the GDP per capita is $41,600 as of 2020.
According to Credit Suisse's latest global wealth report, the median net worth of an Australian adult increased by US$28,450 to reach more than US$273,000 in 2021. This put Australia ahead of Belgium's US$267,890 and New Zealand's US$231,260, which came in second and third in global median wealth.
In terms of work, there are more opportunities in Australia. But the pay isn't as good as in the UK. However, since you can get hired easier, you're likely to actually make money unlike in the UK. Book cheap airline tickets and accommodations with Booking.com to save money when you're moving abroad!
Australia's GDP, which is roughly $1 trillion, is smaller than that of the United Kingdom. On the contrary, the UK's GDP is $2.4 trillion, yet Australia's low GDP fits well with its 24 million people, whereas the UK's 65 million people are spread thin.
The UK is not in the top 10 of the happiest countries in the world. It does, however, appear in the top 20 – this year, it is the 19th happiest country in the world, following behind Australia (12th), Canada (13th), Ireland (14th), and the United States (15th).
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources. For a long time, commodities have made up a sizeable share of our exports.
In the Australian continent, Sydney which is the capital of New South Wales, Australia is the richest city. It is the home to 126,900 millionaires, 184 centi-millionaires, and 15 billionaires.
This shows that Russia's economy is equivalent to US$4.4 trillion while Australia's measure is unchanged at US$1.4 trillion. Russians are still much poorer than Australians—their purchasing power per person is US$29,600 compared with Australians' US$53,400.
Housing in Australia is much more expensive than the UK.
Although Australia has not been immune from an increase in the cost of living in the past year, it has been much less severe and perhaps less noticeable, and the national median average salary is higher at $65,000 (£35,800) versus £33,000 in the UK in 2022.
In general, Australia is a very safe country to visit, or live in, with crime levels as low as those of most Northern European countries. According to the gov.uk foreign travel advice website, the level of crime in Australia is no higher than in Britain.
London is the better city.
London is regularly voted the world's number one city, and it's only the only city other than New York City to have an Alpha++ rating for global influence. But the lifestyle, weather, and general beauty of Sydney are incredible.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong. The average Australian adult was worth $US550,110 at the end of last year, after enjoying a $US66,350 annual increase in wealth.
In 2016, the Australian Taxation Office listed Mungallala as having the lowest mean taxable income by postcode, making it the poorest town in Australia, which led the ABC to do a documentary on the town for their online "storyhunters" program.
No suburb in the country features a greater concentration of members of The List – Australia's Richest 250 than Toorak, where Melbourne's wealthiest families have gathered for decades. Think historic looking mansions guarded by large hedges set back from the street to ensure privacy.
Australia's richest captured 93% of economic growth between 2009 financial crisis and Covid, paper shows. A new paper from the Australia Institute shows 93% of the benefits of economic growth between 2009 and 2019 went to the top 10%, while the bottom 90% received just 7%.
Australia and Canada have similar levels of GDP per capita (based on purchasing power parity, nominal GDP per capita was around US$ 7 000 for Australia and US$ 9 000 for Canada in 008). Since 1990, Australia's growth in real GDP per capita has been a little higher than Canada's.
Absolutely. Australia is a fantastic place to live, even for foreigners. There aren't only advantages to living in Australia, but they outweigh the disadvantages. I love the climate, work-life balance, safety and the wide range of outdoor activities that I can enjoy every weekend.
Living in Australia is much more affordable than in the UK. Moreover, Australia has a better economy, and the unemployment rate is also low, ensuring international students a job with almost no difficulties, making their transition and living in a new country easier.
Aussies are friendlier than the British – sometimes even too friendly. Some say it's the weather, others say it's the carefree attitude – the Aussie motto is “she'll be right” which means “don't stress, it's all good”.
As a study destination that has the second largest number of international students, the UK is much-preferred for its world-class teaching faculties and research facilities. Be it any discipline - business, design, or arts and science - the UK offers the best-in-class education to students worldwide.