Australians are the richest people in the world on the back of the unabating boom in the country's housing market, according to the latest study of global wealth from Credit Suisse.

The Swiss investment bank’s fifth annual study of wealth trends around the world concluded that Australia is now truly the most affluent nation on the planet, with the median Australian adult worth over US$225,000 (AU$258,000) in June. This compares extremely favourably to second-place holder Belgium, where the median wealth was US$173,000,…