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Melbourne Opens in new window is the capital of Victoria and is also its most populated city. Approximately 4 million people reside there, making it the second most populous city in Australia.

The city is located in a large natural bay. It is widely known for its high level of culture. Australian television, film, and football, the impressionist art movement, and some dance styles were invented there.

It is one of the world's most livable cities and has a great collegiate academic environment. Keep Melbourne in mind as a city rife with economic opportunity.

Business in Melbourne

This city has a diverse economy. Strong sectors include finance, manufacturing, research, IT, tourism, education, and others. Five of the 10 largest Australian corporations keep their headquarters there.

The seaport is the busiest in Australia, and accounts for $75 billion in trade each year. The city's airport is the nation's second busiest. No matter what aspect of business you are concerned with, this region can support it.

Melbourne's financial and industrial centers are some of its strengths. Autos, engines, chemicals, aircraft parts, and prescription drugs are some of the leading manufactured products.

The region also recently overtook Sydney as Australia's leader in terms of tourism dollars generated. It also now attracts more immigrants than Sydney.

The city also features a diverse and well-educated workforce. Melbourne University is ranked as one of the top universities in the world. There are many more universities assisting in the education of the general public.

If you are looking at a physical location for a business for sale in Melbourne, look to start in the outer suburbs. While the city has strong transportation infrastructure, employment is growing fastest in the outer suburbs.

In terms of the number of employed workers metal processing and transportation equipment are the largest industries. Textiles, clothing manufacture, food processing, and papermaking are also significant.

Tramcars, buses, and electric trains make up an effective public transportation system. An underground rail loop assists in serving the business district.

The region also has a large selection of free public hospitals. The system involves numerous specialized facilities. Many private hospitals are also available.

If workers place a high value on their quality of life, in addition to their job, Melbourne is a great place. If you choose to start a business in this city, you should have an easy time finding qualified help.

The State of Victoria also has agencies available to help interested investors acclimate to the region. The agencies will help you gather market information and make contacts.

You can also learn about the market potential of certain companies. They will also put you in touch with suppliers and service providers. Finally, they will help link you to government grants and financial support.

If you are thinking about buying a business in Melbourne, you may want to get ready to take action. The region is primed for growth and encourages investing. If you are thinking of selling a business in Melbourne, you may be able to get a great price.

About the Author

This Wiki was written by Andy White, CEO of Biz Trader Opens in new window.