Australia had 2.18 million US-dollar millionaires in 2021, or 3.5 per cent of the global total. Only seven countries – the US, China, Japan, Britain, France, Germany and Canada – had more millionaires than Australia.
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.
Australia has a much more laid-back culture than England. Australians are known for their mate ship and easy-going attitudes. There is a strong focus on enjoying life and having a good time. This doesn't mean that Australians don't work hard, but they definitely know how to enjoy their leisure time.
The UK is known for its University of Cambridge, while Australia, is home to many top-ranking universities like the University of Melbourne, ANU, etc. are recognised both nationally and internationally and rank among the top 100 as per QS World University Rankings and THE World University Rankings.
United Kingdom is 4.3% cheaper than Australia.
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.
There are many benefits to moving to Australia from the UK as a junior doctor. One of the most persuasive benefits is pay – you can expect to be far better paid in the Australian health system than you are in the NHS.
Food in the UK is 26% cheaper than food in Australia. Generally, food is cheaper in the UK. Only the price of milk and local cheeses is lower in Australia – all else is more expensive. (There are large variations in prices depending on the region and city where you are.)
Brits and Aussies share a similar sense of humour, language and laid-back culture; therefore, it's a lot easier for Aussies to settle in and feel at home despite being thousands of miles away. Additionally, because so many Aussies live in the UK, it's not rare that groups of Aussies meet and become friends.
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.
In 2020 there were 1,093 road deaths in Australia (source: Department for Transport). This equates to 4.3 road deaths per 100,000 of population and compares to the UK average of 2.3 road deaths per 100,000 of population in 2020.
Tasmania, which is exposed to less sun and lower temperatures, is more like Britain. Hobart has the same climate as the UK and Ireland while the eastern part of the state is like Southern Chile.
Although income tax is generally lower in the UK (due to the progressive tax bandings), the Australian system includes a considerably lesser Medicare tax in comparison to the UK's National Insurance rates.
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.
Examples of first world countries include the United States, Canada, Australia, New Zealand, and Japan.
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.
Despite having less than half a per cent of the world's population, Australia is now home to 3.5 per cent of its millionaires. When measured by average wealth, Australia is fourth behind Switzerland, the United States and Hong Kong, indicating wealth is more evenly distributed in Australia.
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.
Housing Costs In Australia
Housing in Australia is much more expensive than the UK.
Cost of living in Melbourne (Australia) is 22% cheaper than in London (United Kingdom)
At the current exchange rate of Australian $1.56 to the pound, in Australian dollars the UK phone plans cost $3669.12. That's about $1035 less than they cost in Australia, so UK mobiles are something like 22% cheaper than similar deals in Australia.
Australia achieves substantially better healthcare outcomes than the UK. Cancer survival rates are several percentage points higher, while heart attack and stroke mortality rates are several percentage points lower.
Australia. In July 2017, the NHS was ranked the world's number one healthcare system in a survey carried out by the Commonwealth Fund, with Australia coming in at a very respectable second place.