Welcome to Sydney, Australia’s business capital
The world-famous city of Sydney is Australia’s largest city with a population of 5.1 million people. Sydney is New South Wales’ cosmopolitan capital and the economic and financial centre of Australia.
As a global financial services hub it is also home to the Australian Securities Exchange (ASX) and Futures Exchange. The ASX is consistently ranked in the world’s top five exchanges, with a total market capitalisation of A$1.5 trillion. Its A$47 trillion derivatives market is the largest in Asia.
But Sydney’s diverse economy is about much more than finance. Our professional services and ICT sectors are world renowned and we also boast a growing ecosystem of tech startups that has helped us become a leader in Fintech, cyber security, robotics and blockchain.
Quick facts: Sydney at a glance
- Sydney contributes one third of Australia’s GDP and its economy is growing further still, expanding by a healthy 3.3% in 2016-17
- Sydney ranks in the 10 largest economies in the Asia-Pacific region and in the world’s top 40
- Sydney is the first choice of more global companies than any other Australian city. More than 600 multinational firms run their Asia-Pacific operations from here
- Sydney is the economic and financial centre of Australia and a leading global financial service capital. More than 80% of all foreign and Australian banks are headquartered in Sydney
- Sydney hosts the Australian Securities Exchange and Futures Exchange (ASX) — one of the largest stock exchanges in the Asia Pacific, with a market capitalisation of $1.5 trillion
- Sydney is diverse — more than 40% of the city’s population was born overseas, the highest percentage of any city in Australia and one of the highest in the developed world
- Sydney is connected — Sydney's time zone, 10 hours ahead of GMT, spans the closing of the North American business day and the opening of business in Europe
- Sydney is one of the world’s most liveable cities according to The Economist Intelligence Unit’s Global Liveability Ranking for 2018 (#5) and Mercer’s Quality of Living Report 2018 (#10)
- Sydney is a technology hub — more than 60% of Australian fintech’s choose Sydney as their base. They’re supported by world class infrastructure: Australia is ranked equal first in the world for technological readiness.
A dynamic and skilled workforce in Sydney
When you invest in Sydney you’ll have access to Australia’s most educated workforce.
Currently 71% of all residents in NSW work in a white collar position. This is expected to increase to 74% by 2027-28.
Not only is the workforce educated, but it is also culturally diverse with residents in the state linked to communities across the world with 30% of people living in NSW speaking a second language and 275 languages spoken within the state.
Additionally, Sydney is home to more of Australia’s leading universities, research institutes and technical colleges than any other Australian city, giving you the chance to access a strong pipeline of graduates and researchers.
The student population based in NSW are multicultural and sharp with students originating from not just NSW, but from all over Australia and the world.
In the year ending March 2017, NSW had the most international student enrolments in Australia with 37.3% market share and a total of 193,567 international students enrolled in NSW educational institutions.
We also attract more skilled labour than any other Australian city through our well regarded skilled immigration scheme.
Quick facts: Workforce and students in Sydney and NSW
- Among the 43 of universities in Australia, NSW is home to the highest number of them, with 11 in the state including University of Sydney, Australia’s oldest university, established in 1850
- There are six Sydney-based universities – two of which are members of the Group of Eight, a coalition of the eight world-leading, research intensive Australian universities
- Universities and tertiary institutions in regional NSW are also prevalent with 5 universities and 130 campuses of the state’s vocational training tertiary institution (known as TAFE) campuses spread throughout the state
- Since 2013, average job growth has been growing sustainably at 2.5% a year
- Regional NSW has a high proportion of younger individuals aged 5-19 than Australia more generally. This represents a strong future pipeline of employees in the area.
Learn more about the talented workforce in NSW.
A cultured, relaxed and healthy lifestyle
Sydney isn’t all about working hard. Outside of the office or warehouse, Sydney offers the chance to relax and play in one of the world’s most attractive lifestyle destinations.
The city’s beaches, parks, climate and thriving cultural and entertainment scene offer a unique lifestyle for families, couples and singles alike.
The beautiful harbour city was also declared the 5th most Liveable City in the World according to The Economist Intelligence Unit’s Global Liveability Ranking for 2018 and ranked number 10 in Mercer’s Quality of Living 2018 ranking, ahead of any other Australian city.
Explore the lifestyle Sydney and NSW offer.
Investment opportunities in Sydney
Sydney is growing fast. By 2056, its population should stand at eight million. To meet this growth, the state government is investing heavily in infrastructure and transport.
The Greater Sydney Commission has also developed a visionary three city plan, which should see most residents living within 30 minutes of employment, education and health services. As part of this approach, a new city the size of downtown Dallas, Texas (USA) is planned for Parramatta in Western Sydney.
Developing this plan requires significant investment and the state government will be offering major place-based investment opportunities, including:
- a new international airport and aerotropolis
- health and education infrastructure and buildings
- new aerospace and agribusiness precincts
NSW is now actively inviting investment into these projects.
Read more about infrastructure investment opportunities available in Sydney.
Learn more about the rest of NSW regions.