Expats 'happy to stay in Australia'

Most of those who have emigrated to Australia are happy to stay there, new research has revealed.

In its Expat Explorer Survey, HSBC found that 88 per cent of ex-pats wanted to remain in the country.

Of those polled, 56 per cent own a property in Australia and 70 per cent say they are still financially better off than was the case in their home country, despite Australia's overall wealth rating being among the lower-ranked nations in the study.

Speaking to news.com.au, head of HSBC in Australia Graham Heunis said that the country was popular as a place to live for reasons beyond pure economics.

He stated: "Expats are enjoying not only an increased quality of life but are also finding it easy to fit in to their new communities."

Australia's economy has been emerging form the downturn in good strength, economists have noted.

Governor of the Reserve Bank of Australia Glenn Stevens remarked in a speech earlier this month that the country's recovery has even exceeded the forecasts of optimists.

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