Australia's Booming Cities 2013
Written by Tina Samuels
Businesses in different regions of Australia are seeing some good times these days. While some markets are having their struggles, others are cashing in as opportunities present themselves.
If you’re running or planning on starting a business Down Under, the following cities are ones you should consider, albeit because business is booming >>>
The first is Sydney, which of course is one of the most well-known cities in Australia.
Sydney has been on several top 10 lists, including the Top 10 Most Livable Cities in the world, by The Economist magazine. Nearly one quarter of business in Australia is done out of Sydney.
There is a stable market in Sydney, offering business opportunities to many different industries. Tourism is huge in Sydney, due to spots like the Royal Botanical Gardens and Harbour Bridge. They are also the largest city in Australia and the headquarters for most financial institutions in Australia.
The second largest city in Australia is Melbourne, so it is no surprise that this is second on the list for booming business.
Melbourne is known as the cultural city of Australia, with tourism, education, commerce and arts being at the center of it. This also means business is constantly on the rise in Melbourne.
Many corporations overseas have invested in the major industries in Melbourne, further enhancing the opportunities available there. It is also on the list of the most livable cities in the world. Lastly, Australia’s automotive industry is focused in Melbourne.
The main reason for booming business in Perth is the mining industry.
Mining is considered the main industry in Perth because it is far from most major cities in Australia. Perth is also known as the center of government and business for the entire country. It is the fourth largest city with an exceptional business and economic growth rate, compared to averages nationally.
Many British-born residents reside in Perth, along with South African and Chinese-born immigrants. This adds to the overall culture of the city. The only industry that doesn’t always find itself doing as well in Perth is manufacturing, since it is so far from major cities in Australia.
Adelaide has a small town feel, drawing in tourists and enhancing the tourism industry in Australia.
Adelaide is on the coast of Australia, with rich culture, arts and a charming feel. Industries like automotive, manufacturing and technology all do very well in Adelaide.
Located on the coast of Southern Australia, Adelaide also does well with International business and holds a variety of the country’s research and defense technology industries. Adelaide continues to be the coastal hub for oversea investments in Australian business.
These are the top four cities for business in Australia, though a variety of cities do well financially in the country.
Others include Brisbane, Newcastle, Canberra, Launceston, Gold Coast and Townsville. Each of these cities have booming business, especially in comparison with the rest of the world.
Whether you’re in the automotive, manufacturing, tourism or other industry, you will find potential in Australia.
About the Author
Tina Samuels writes on social media, marketing, and small business solutions.
Timeline: India takes unicorn leap with six in five days
We chart an historic week in India’s tech industry, where in just five days, between 5-9 April 2021, the country achieved six new unicorns, bringing India’s total to 10 in 2021 to date, an immense unicorn leap from just seven in 2020 and six in 2019.
April 5: Meesho
India’s first social commerce unicorn, Meesho raised US$300m from SoftBank, Facebook and Shunwei Capital, giving the Bangalore-based startup a US$2.1bn valuation, a threefold jump from its previous funding round in 2019. Founded in 2015 by two IIT-Delhi graduates, Meesho connects producers and resellers, helping small businesses sell through social media. It has 45m customers and has enabled 13m entrepreneurs to start their online businesses with no investment.
April 6: CRED
Founded just over two years ago, Bangalore-based credit card repayment app CRED raised US$215m from Falcon Edge Capital and Coatue, nearly trebling its valuation to US$2.2bn from its January US$80m round. Allowing customers to pay off their credit card debt while earning CRED coins which they cash in for rewards, CRED has grown rapidly during COVID-19, doubling its customer base to nearly 6 million in a year.
April 7: API Holdings / Groww
The first epharmacy startup to gain unicorn status, PharmEasy (API Holdings), which has digitised 60,000 brick and mortar pharmacies and 400 doctors across India, raised US$350m in a round led by Prosus Ventures. Founded by four former Flipkart employees as a way of making investing simple, investment platform Groww became India’s second-youngest fintech unicorn, raising US$83m in Series D funding led by Tiger Global, quadrupling its previous round in September.
April 8: ShareChat
New Delhi-grown social media startup ShareChat, founded in 2016 by Mohalla Tech raised US$502m from Lightspeed Ventures, Tiger Global, Twitter and Snap taking its raised total over six rounds to US$766m and pushing its valuation to US$2.1bn. The funding will be used to grow its user base and short video platform Moj, which launched in 2020 following TikTok’s ban in India. The regional language startup claims 280m users.
April 9: Gupshup
AI-led conversational message startup joined the unicorn club after raising US$100m from Tiger Global giving it a ten-fold valuation of US$1.4bn. The smart messaging platform, which has seen accelerated growth during the pandemic, was founded in Bangalore in 2005 by serial entrepreneur Beerud Sheth, whose online freelancing platform Elance is now listed. Gupshup’s API enables 100,000+ businesses to build messaging and conversation experiences across 30+ communication channels.