New South Wales continues to enjoy high levels of new business investment. In 2006-07 New South Wales accounted for approximately for 25% of Australia's business investment. New South Wales leads Australian business investment in machinery and equipment, new commercial building and intangible fixed assets, such as computer software.

Business investment in New South Wales has been growing strongly. In the five years to June 2007, the State recorded annual average growth in business investment of 9.9%. Business investment is expected to remain strong in the medium term, with Access Economics' Business Outlook December 2007 forecasting 16% growth in private commercial construction and 10% growth in private equipment investment in 2007-08.

New South Wales and the other Australian States and Territories have benefited from the recent commodities boom, with high levels of mining investment in 2006-07. Other areas of the State's highly diversified economy that have continued to grow strongly over 2006-07 include property and business services and other services. These include electricity, gas and water, accommodation and restaurants, communications and cultural and recreation services.