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Ten reasons for investing in Sydney and NSW
1. Stable. The Australian economy was ranked first in the world for resilience in 2006, for the fifth consecutive year. Australia was judged in the top 10 most attractive investment destinations globally in 2005.2. Active. The Australian Stock Exchange is the third largest stock exchange, and the Sydney Futures Exchange the fifth largest futures and options exchange in the Asia Pacific.
3. Competitive. Sydney and NSW are in the top bracket for business cost competitiveness in the Asia Pacific, ahead of Seoul, Hong Kong and Tokyo.
4. Desirable. Sydney is among the top locations in the world for quality of life and is consistently rated the world's best city.
5. Powerful. Gross State Product in 2005-06 was A$320 billion, larger than each of the economies of Hong Kong SAR, Thailand, Malaysia, Singapore, New Zealand and the Philippines.
6. Smart. Sydney has a well educated workforce and Australia attracts the third largest number of international students in the English speaking world after the US and the UK.
7. Multilingual. About 200 languages are spoken in Sydney, making it one of the most culturally diverse locations in the world.
8. Global. The first major financial centre to open for trading each day, Sydney spans the closing of the US business day and the opening of the European market.
9. Connected. Sydney is Australia's internet exchange and telecommunications hub, with fast, reliable links to all major international destinations.
10. Prominent. Sydney is home to 65% cent of Australia's Asia Pacific regional headquarters and 45% cent of its largest companies by revenue.
The State of New South Wales (NSW) is Australia's economic powerhouse, and is among the most competitive business locations in the Asia Pacific.
With Australia's largest and most diverse economy, NSW offers international companies a stable, strong and politically tolerant environment in which to develop business interests in the region. The global city of Sydney is the business hub of Australia and a leading financial centre in the Asia Pacific.The Department of State and Regional Development (DSRD) offers a range of programs and services to help businesses to establish, expand and prosper in the region's most dynamic location.Related publications
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