Brisbane is the third largest city in Australia and is capital of the state of Queensland. Its metropolitan area features a population of over 3 million.
The city has served as the hub for important international events such as the 1982 Commonwealth Games and World Expo '88. Like other large Australian cities, it consistently is rated to be very livable.
It is also a city that not only promotes business and growth in the present, but the future also. It should remain a leader in the region for many years to come.
Business in Brisbane
This city has a large economy, which has continued to grow as a result of the resources boom. Blue-collar industries that have thrived as a result of the resources boom include metalworking and petroleum refining.
White-collar industries that have been recently thriving include IT, financial services, and public sector administration. The government has also invested in several biotechnology research facilities.
The city is one of the important business hubs of Australia. Almost every major domestic company has a location there. Many others keep their headquarters in the region.
The port ranks third in terms of the value of goods exchanged each year. The port is a part of Australia's TradeCoast, the country's fastest-growing economic area.
There are also many different retail districts in the area, catering to a variety of needs. If you are considering a business for sale in Brisbane, retail presents a diverse set of opportunities.
The city also accounts for about half of the state of Queensland's gross domestic product. And, this ratio may increase with all of the new initiatives in the region.
As a nation, Australia has experienced economic growth every year for the past 18 years. It has one of the best prospects for economic growth throughout the future. This includes other very prosperous nations.
The nation was also the most resilient during the past years of global economic slowdown. Some publications rank it as one of the safest countries in the world to invest.
Internationally, nations view the Australian regulatory environment as the model for success. It also has a free trade agreement in place with a variety of Southeast Asian nations.
Growth in Queensland outperforms that of major developed nations such as Japan and the United States. If you are considering business in this region, you have a high chance for success.
Many publications recognize Brisbane as one of the top future cities of the region. It is spending substantial amounts of capital on improving infrastructure.
It is slowly focusing its efforts on knowledge-based professions. It recognizes that this will keep prosperity in the city over the long-term. The resources boom may slow down in the near future.
There is a high level of competition among business in the city. Investment and innovation are constantly on the move.
If you are considering selling a business in Brisbane, prices should continue to rise. Buying a business in Brisbane, however, may be a wise choice in the near future. Continued growth is expected in the area.
About the Author
This Wiki was written by Andy White, CEO of Biz Trader .