Friday, 24 November 2017 Sydney
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Invest in Victoria & Melbourne ::

Melbourne is the creative centre of Australia. Admired as the knowledge, technology and innovation capital, it is celebrated for its cultural diversity. The second largest city in Australia, Melbourne is the capital city of Victoria with a population of approximately 3.4 million people. Melbourne boasts a strong and growing economy, efficient infrastructure and status as a global city. With an economy larger than that of Singapore, the Philippines and New Zealand, the State of Victoria manages close to 25 per cent of the Australian economy.

 

Victoria is located in the south-east corner of Australia, sharing a border with New South Wales, South Australia and the sea. The state’s population is currently 5.13 million, expected to reach 6.6 million by 2051. A comparably young city, 48 per cent of the population is under 35. Since 1997, Melbourne has achieved significant population and employment growth, with a significant increase in international investment in industry and the property market.

 

Lifestyle & Industry

 

Despite occupying only 3 per cent of Australia’s total area, Victoria’s geographic makeup is particularly diverse. With snowfields, coastline, city living and untouched wilderness, there is a Victorian region to suit every lifestyle. Melbourne has a vibrant and creative atmosphere and its education system is internationally regarded. Its transport system has been made famous by its extensive tram network, the largest in the world.

 

Investment Potential

 

Victoria offers a relatively open economy, with low barriers to trade and low regulation- regulatory processes required for starting a new business take only 2 days. Industry in Victoria ranges from agriculture to manufacturing to the services sector. Melbourne hosts the headquarters for many of Australia’s largest companies, including BHP Billiton, Rio Tinto and Telstra. Its central location within Australia and the Asia-Pacific region presents an exciting opportunity for companies wishing to do business in Australia.