10 April 2017

Canberra: A world of opportunity for businesses

| CommercialVIEW
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As a city founded on innovation and forward thinking, Canberra offers a wealth of opportunity for private businesses.

While the inland capital is most well known for being home to the Australian Public Service (APS) which employs 20,000 people across a wide range of functions, more than 50 per cent of Canberra’s workforce is employed by more than 25,000 private companies.

With one of the lowest unemployment rates in the nation, Canberrans enjoy a strong job market earning the highest per capita income with the highest level of disposable income of any Australian capital city.

With the population tipped to reach over 396,000 by the end of June 2017, Canberra is experiencing rapid growth with the highest volume of construction of new dwellings commencing than anywhere else in Australia.

What this means is great opportunities for businesses. With the Australian Governments’ tendency to outsource elements of its Information and Communication Technology (ICT) solutions, there is not only huge growth potential for ICT focused businesses, but as the population experiences growth, so does demand for health care services, education, child care, building, construction and trades.

Canberra also offers enormous opportunity for tourism and hospitality businesses—boasting its’ world-class galleries and museums surrounded by stylish restaurants and bars in its clean and inviting setting, Canberra is fast becoming an attractive option for travellers, evidenced by the almost 7,000 tourism related businesses already calling Canberra home.

Sourcing suitably qualified staff isn’t likely to be an issue for employers either, with Canberra offering the most educated workforce in Australia. Often referred to as the ‘clever capital’, Canberra is not only home to a range of highly regarded tertiary institutions and education providers but is also becoming an increasingly attractive choice for international students.

With modern infrastructure, the highest percentage of early adopters of new technology and the greatest take-up of the National Broadband Network (NBN) in Australia, it’s undeniable that Canberra is a city filled with potential for private businesses.

Population statistics sourced from Population Australia (http://www.population.net.au/canberra-population/), with contributions from Canberra Create Your Future (http://www.canberrayourfuture.com.au/).

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