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Australia turns nation of millionaire mortgage slaves

July 11, 2024 - 11:30 -- Admin

The latest edition of the UBS Global Wealth Report shows that Australia now boasts 1.9 million US-dollar millionaires, whose combined wealth is now $US5.4 trillion ($8 trillion). UBS has forecast that the number of US-dollar millionaires will rise by 21% to more than 2.3 million by 2028, due to factors such as rising house prices

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