In October 2014, the Organization for Economic Cooperation and Development (OECD) released a report that declared Australia’s capital city of Canberra as the best place in the world to live. The OECD researchers evaluated 362 regions in 34 developed countries around the globe based upon nine indicators (access to services, civil engagement, education, environment, health, housing, income, jobs and safety) and found Australian Capital Territory (ACT) the world’s #1 location for well-being. This very high standard of living has made Canberra a popular place to settle for foreign nationals who move to Australia.
Not only is Canberra the best place on the planet to live, but the October 2014 OECD report also named Australia as the world’s top country for well-being, ahead of #2 Norway, #3 Canada, #4 Sweden and #5 United States. Since well-being is often associated with wealth, it is not surprising that Australia is the #1 country in the world to live. The October 2014 Credit Suisse Global Wealth Report rates Aussies as the richest people on Earth, with median income for Australians being $225,000USD ($258,000AUD) as of June 2014. The median wealth of Australians is substantially higher than that of #2 Belgium ($173,000USD), as well as that of #3 Italy, #4 France, and #5 United Kingdom whose median wealth was approximately $110,000USD each.
These October 2014 OECD and Credit Suisse reports are merely two measures of the incredible quality of life that is available to those who move to Australia. Earlier 2014 assessments by The Economist, Mercer and others all basically say the same thing – Australia is a great place to live! If you would also like to enjoy the good life in the Land Down Under and want to find out if you may qualify to apply for immigration to Australia, click here!