Economics & Commerce Data
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Financial Centres of the World: Sydney
Sydney is the state capital of New South Wales and is both the most populated and the largest city in Australia. The city benefits from a multicultural and diverse population and has the 7th largest percentage of foreign born individuals from across the globe.
Sydney is a leading financial centre as well as being renowned internationally for its contributions to the arts, culture, fashion, music, commerce, entertainment and education. Sydney was ranked seventh in the Top 100 Innovation Cities in Asia in 2010 and twenty eighth globally.
Sydney enjoys a clement climate with balmy summers and mild winters, making it a lovely place to live, work or visit.
Working in Sydney
Sydney is the economic and financial centre of Australia and has become a thriving and affluent city, providing approximately 25% of the country’s total GDP. Sydney enjoys a high standard of living and a low unemployment rate, the city was ranked 15th in the world in terms of net earnings according to a survey.
The chief employers in the city of Sydney are business services, retail, health and community services, manufacturing and property. Sydney is home to The Australian Securities Exchange along with the headquarters of ninety banks, including UBS Australia, Deutsche Bank, Citigroup, HSBC Bank Australia and Mizuho Corporate Bank. More than 500 multinational corporations have offices in Sydney.
Sydney’s CBD (Central Business District) extends from Sydney Cove to the Central Station. Other important commercial districts include Parramatta, Penrith, Liverpool, Chatswood and Bondi Junction.
Living in Sydney
Sydney was cited as one of the top ten most liveable cities in the word according to The Economist and is one of the GaWC’s Alpha and world cities. The University of Sydney, one of Australia’s most prestigious educational institutions, is located in the city. Sydney is also home to a number of excellent, pre-schools, primary and secondary schools.
The city provides a wealth of parks and open spaces including Hyde Park, the Chinese Garden of Friendship and The Domain. Sydney benefits from numerous prestigious shopping districts, boutiques and departments stores including the Strand Arcade, Westfield Sydney, Mid City Centre, Market Street, King Street and George Street. Sydney is also known for its fine dining and fusion cuisine.
Sydney is world renowned as a centre for the arts and its most famous cultural institution is the Sydney Opera House. Other popular venues include the State Theatre, the Wharf Theatre, The Sydney Conservatorium of Music and the Royal Botanic Gardens. Another significant tourist attraction on the Sydney landscape is the Sydney Harbour Bridge. Listed heritage buildings include Parliament House, Sydney Town Hall, The Australian Museum and The Queen Victoria Building.
Sydney is well served by an extensive road system and is also public transportation is also catered for with train, bus, ferry and taxi networks. The main airport is Sydney Airport, which is situated in Mascot.
Useful Sydney Resources
- Official Guide to Sydney
- City of Sydney Council
- Adamstown Office Space
- Bathurst Offices to Let
- Baulkham Hills Offices
- Coffs Harbour Office Space
- Crows Nest Offices
- Gordon Office Space
- Mosman Office to Let
- Serviced Office Newcastle