Business For Sale Australia | Business For Sale Listings
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Get to Know About Australia
Australia is a sovereign country consisting of the mainland of the Australian continent, the island of Tasmania, and several smaller islands. It’s ranked as the largest country in Oceania. Australia lies between the Pacific and Indian Oceans in the Southern Hemisphere with Papua New Guinea, Indonesia, and East Timor to the north; the Solomon Islands and Vanuatu to the northeast, and New Zealand to the southeast.
Today, the population in Australia is estimated to be approximately 24 million. The society is ethnically diverse, consisting of 270 ethnic groups. Australia is regarded to have an Anglo-Celtic heritage; the majority of the population is of European ancestry with non-European groups mainly from New Zealand and China.
Australia’s Gross Domestic Product (GDP) is estimated to grow by an average rate of 2.7 percent by 2024. In essence, doing business in Australia is healthier owing to robust policy structure, sturdy institutions, and superior financial system. Similarly, Australia’s robust trade ties with the Asian-Pacific regions are beneficial concerning purchasing power parity and demand for high-quality goods and services. The service sector accounts for over three-quarters of real-industry output. Other pointers such as interest rates adjustments, modifications of exchange rates, and moderate wage growth are positive indicators of transitional economic growth. Investors doing business in Australia, however, may have to seek alternative sources of finances, though at higher interest cost, during the transitional period.