Australia ranks third-highest for median wealth globally– UBS data

Australia ranks as the world’s third-highest country for median wealth, according to UBS, highlighting strong household prosperity despite ongoing economic challenges. Australia’s property market is making more people millionaires. A new UBS Global Wealth Report shows about 25,000 Australians joined the millionaire club in 2025. That pushed the country’s total to 1.6 million people with…

Read More

Australia records largest cocaine bust as Police seize 2.7 tonnes

Police seized 2.7 tonnes of cocaine in western Sydney, marking the largest cocaine bust in the history of Australia. Australian authorities have confiscated 2.7 tonnes of cocaine worth an estimated A$816 million after raiding an underground bunker system hidden beneath shipping containers in western Sydney. The drugs were discovered inside concealed compartments beneath false floors…

Read More