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New South Wales Australia

Map of New South Wales, Australia

New South Wales Opens in new window is geographically located in the southeastern part of Australia. It is bordered on the east by the Pacific Ocean. Queensland, Victoria, and South Australia account for the land borders.

The Australian Capital Territory is located within this state. The state has a total population of approximately 7.2 million. This makes up about 1/3 of the population of the entire nation.

The colony of New South Wales was founded in 1788. In 1901, the colony officially became a state of the nation of Australia.

Business in New South Wales

One of the key features of this state is that it is by far the most populated Australian territory. If you are looking for a business for sale in New South Wales, you should have little trouble locating one.

You’ll find the most opportunity in the capital, Sydney, which has a population of 4.3 million. Other major population centers include Newcastle, with 523,000 people, and Wollongong, with 280,000.

From there, there is a steep drop off. The rest of the territory has 13 cities with populations ranging from 30,000 to 60,000.

The area has a broad range of geography and climate conditions. These varying conditions make it a great candidate for many types of commerce.

You have the option of a humid coastal environment and a semi-arid desert. Also, you have alpine peaks and a sheep-wheat belt. This diversity allows many different types of trade to succeed.

Traditionally, companies in the state have been formed around manufacturing, mining, and agribusiness. This has provided a firm foundation for growth into areas such as aquaculture and biotechnology.

For entrepreneurs with a diverse skill set, this region is an attractive opportunity. Or, perhaps you are someone who enjoys running multiple types of business. In that respect, this territory may be a good choice as well.

Regardless of the reason you are seeking to buy a company, this region presents ample opportunity.

If you are interested in buying a business in New South Wales, you have many options. On the other hand, you also have many options available if you are selling a business in New South Wales.

About the Author

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