Sydney is a major part of Australia’s largest urban economy and the county’s only global city as well.
To a great extent, its financial well-being is maintained and nurtured by networking with the worldwide economy, combined with a steady flow of finance, innovation, goods and services, and people.
The city’s key strength is its vast economic base, which is comprised of an array of industries that compete globally, sound governance, an infrastructure that is well-developed, impressive amenities and a remarkable living environment that residents and visitors alike appreciate.
Finding what you require
If you have been searching for a business for sale in Sydney NSW, you will want to consult with a reputable business broker who will understand your purchasing criteria and answer any questions you may have. Then, they will match your specifications with the businesses that are listed for sale, and at times, they will even conduct a search to find exactly what you are looking for.
Alternatively buying and selling businesses privately is a massively growing trend and thanks to the internet, it isn’t that hard to come up with a short list of businesses that you might be interested in purchasing.
Encouraging business
Sydney’s Strategy and Economic Development Unit develops procedures, policies and programs to ensure that its economic development is sustainable and focused on its key elements.
The unit’s employees interact with chambers of commerce and businesses, engage in vital economic research, and foster investment, trade and partnerships in the city. Note that this information is significant if you are considering a business for sale Sydney.
Technology
Sydney is the headquarters for the country’s centre of Information and Communications Technology (ICT), with a staff of 120 PhDs and over 300 researchers. A number of telecommunications companies and internet data centres are also located here, and the many services they provide include dedicated and shared hosting, co-location, managed services, disaster recovery and data warehousing.
Financial services
Since this industry is growing rapidly in the State of New South Wales, its financial services workforce has increased by 33% in recent years. American Express, UBS, Deutsche Bank and other major financial institutions are established in Sydney, which has become Australia’s financial services hub.
They have been attracted here by a workforce that is both well-educated and multilingual, with years of experience in the industry.
Sydney is also the headquarters of seven of the country’s major global fund managers, and complex financial operations are conducted here routinely that complement similar activities in China, India, the Philippines, and other locations.
Importance of contact centres
The industry is well-established in New South Wales with approximately 750 companies and over 1,500 contract centres across the state that employee over 105,000 workers. Most of the contact centres in Sydney provide services and advanced technical support in many languages, and 35 % serve international markets in today’s global economy.
Tourism
Since Sydney is situated on the East coast, it is a popular tourist destination that provides site seeing opportunities that visitors describe as truly unique.
They range from whale watching, to the world famous Sydney Opera House, to world class events—all of which are typically Australian with a cosmopolitan touch.
Also, the various tourism programs conducted by the government target the city’s harbour side location, scenic beauty and the tremendous outdoor living that is available here.