Australia’s rich take offshore trip

Wealthy Australian investors are focusing on foreign growth stocks … and alternatives.

Just a week ago, we ran a Barron’s cover story on where the rich in the US are investing. This week, we get closer to home and find there has been a marked shift among Australia’s wealthy to preference growth over income investments.

Not only that, but as our richest look offshore for growth, wealthy foreigners are pouring even more money into Australia, investing in droves not only in residential real estate, but into commercial property too.

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