Australia may not be primarily seen as a financial hub like countries such as New York, London or Tokyo because of its geographical location, but you may wonder why many businesses in the US and in Europe are choosing Australia to expand their business in the Asia Pacific region.

To begin with, Australia has a highly developed business environment that comes with an extremely talented workforce, and also, it has a reliable financial systems as well as a good overall infrastructure.  Its business system is not complicated to understand that is why investors are confident to invest in this region.

The industries that dominate Australia’s economy at this period may come as a surprise, and these are mining, energy and construction.  As these are the leading industries, they are also the most preferred companies of prospective employees.

Australia is plentiful of resources such as coal, base metals and petroleum thus the signing of agreement with China.  The economic boost in its energy and mining has also attracted other foreign markets like China.

BHP Billiton has become Australia’s biggest company recently because of the growth of its product’s demands.  BHP Billiton is the world’s leading miner that was able to double its total market capitalization to $220.9B and it was able to make record profits.  This company is now running after its rival miner company that is Rio Tinto, and according to reports, if these two companies merge, they can have a total market capitalization of $350B that will make them much larger than the National Australia Bank, the second biggest company in Australia.

This economic boom in Australia will surely lure more investors both local and foreign, as they would have confidence in this country’s stability and capability to sustain businesses.  This growth in its economy also poses a lot of positive impact to the overall well being of Australia like the prices of the properties will also definitely increase and then again, a better life for all its locals.

Now is perhaps the most fitting time to open a business or simply invest in Australia.  It is certainly good to be able to ride with the flow of its economy and be with them as they experience an upward trend with regards to their economy.

After all, Australia is one of the countries that is certainly good to raise a family or simply to work, to study or simply to live in.

More information about the economy in Australia: http://en.wikipedia.org/wiki/Business_in_Australia