How's Life? Australia performs well in many dimensions of well-being relative to other countries in the Better Life Index. Australia outperforms the average in income, jobs, education, health, environmental quality, social connections, civic engagement and life satisfaction.
Australia ranks 7th on the OECD Better Life Index, based on living conditions and quality of life.
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.
Five causes of poverty
Some of the main causes of this inequality and poverty are access to work and income, education, housing, health and services.
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.
1 in the World. Quality of life factors as most important for rankings.
Con: High Cost of Living
While the standard of living in Australia is high, so is the cost of living. In fact, Australia is often ranked as one of the most expensive countries in the world to live in. This is due to a number of factors, including the high cost of housing, food, and transportation.
Australia really excels when it comes to quality of life for many reasons which include; the weather, higher quality food, a better work-life balance, higher wages and shorter working days, as well as more public holidays.
Melbourne is considered by some to be the best city to live in Australia, and has even been ranked as the world's most livable city more than once. It's home to a thriving live music scene, late-night bars and laneways dotted with cafés and coffee shops.
Well, expats living in this country enjoy many benefits of going to Australia including a high quality of living, great education, good healthcare, fantastic work-life balance, and decent work benefits from employers.
Overall, the country's culture is friendly and inviting, and the class system is not as strong as you might find in other English-speaking countries. However, expats will have to deal with a competitive housing market.
Australia is one of the most high-priced countries all over the world. A learner has to consume a large amount of capital on tuition fees, aviation tickets, lodging or accommodation rent, and much more.
Naturalization. After becoming a permanent resident of Australia, you must actually live in Australia for four years before applying for citizenship. One year out of the four must have been spent as a permanent resident.
“Dubai currently ranks 23rd globally and is already home to 67,900 millionaires, 202 centi-millionaires (those with net assets of $100 million or more), and 13 billionaires,” Amoils said, adding the emirate's economy is the key reason for its growth in numbers.
The UAE is the third-richest country in the world, below Luxembourg at number two and Qatar at number one, with a GDP per capita of $57,744. The bulk of its money comes from the production of goods and provision of services related to petroleum, petrochemicals, aluminium and cement.