A City Built for Business
1. The State of Victoria is one of Australia's economic powerhouses and the city of Melbourne is among the most competitive business locations in the Asia Pacific. Office occupancy costs in Melbourne are some of the lowest in the Asia-Pacific region, well below Singapore, Mumbai, Tokyo and Hong Kong. Victoria offers competitively priced office space and development sites. Office and industrial space rental in Melbourne is more affordable than Singapore, Taipei, Tokyo and most American locations. Large areas of land for development are still available within ready access to freeways, the Melbourne International Airport and the Port of Melbourne. (Source: www.businessmelbourne.com.au)
2. Melbourne has the world's second lowest business costs for a large international city of more than two million people. (Source: KPMG 2004 Competitive Alternatives)
3. The majority of ASX-listed companies are in Melbourne and a significant number of organisations have their headquarters in the city. These include: BHP Billiton, National Australia Bank, Amcor, PaperlinX, Mayne Group Limited, and Orica. (Source: www.asx.com.au)
4. As one of Australia's largest and most dynamic economies, Victoria offers international companies a stable, strong and politically tolerant environment in which to develop business interests in the region.
5. Australia’s eastern seaboard, where Melbourne is located, has a favourable time zone. It is three hours ahead of Singapore, one hour ahead of Tokyo, 10 hours ahead of London and overlaps with the business hours of the western coast of the USA. (Source: www.businessmelbourne.com.au)
6. Standard and Poor's continues to give Victoria a AAA credit rating, while the Moody's rating is also AAA. (Source: www.invest.vic.gov.au)
7. Australia was ranked second in the Asia Pacific region for transparency of government policy and fourth in the world by the International Institute for Management Development (IMD) in the annual World Competitiveness Yearbook, 2004. (Source: www.business.nsw.gov.au)
8. The legal system in Australia is a mixture of common law and statute and has historic links to the legal system in the United Kingdom. Both domestic and foreign companies have the same standing before the law. The 2004 International IMD survey ranked Australia's competition laws as the second best in the world, ahead of Singapore (7th) and Hong Kong (SAR) (30th). (Source: www.business.nsw.gov.au)  |
