Infrastructure and business costs

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Infrastructure and business costs

Infrastructure and business costs

This section provides information on:

the ease of doing business
Asia Pacific comparisons of rental values of industrial property and office space
domestic comparisons of electricity costs
information and communications technology take-up and e-readiness
international and domestic comparisons of energy costs
major events infrastructure

Sydney offers a low-cost business environment and well developed infrastructure to support business activity.

Sydney is a cost effective office and industrial space location compared to other major business centres, including London, Tokyo, Hong Kong, Seoul and Mumbai. Industrial property in Sydney is among the most competitively priced in the Asia Pacific region and is available across all categories, including prime grade properties, high technology parks and distribution centres, with most located to take full advantage of New South Wales' transport infrastructure.

Australia is a highly efficient place to start a business. Australia was ranked second in the world for ease of starting a business and tenth overall for the ease of doing business, according to the World Bank and the International Finance Corporation.

New South Wales is Australia's technology and infrastructure leader. ICT is a major element of the New South Wales services sector, and the State is home to nearly 40% of Australia's ICT businesses. Sydney is also the gateway to Australia, home to the nation's largest and busiest international airport, and Newcastle, New South Wales' second largest city, boasts the world's largest coal port.

Sydney has exceptional event infrastructure with demonstrated capability in hosting large scale events such as the Olympic Games in 2000, the Rugby World Cup in 2003, the Asia Pacific Economic Cooperation (APEC) Meeting in 2007, World Youth Day in 2008. In 2009, Sydney hosted the World Masters Games which were attended by a record 28,000 participants, and in September 2010 hosted the prestigious Forbes Global CEO conference, which attracted 380 business and thought leaders from Australia and overseas. Sydney boasts impressive conference facilities, including the Sydney Convention and Exhibition Centre, which is Australia's biggest and most successful venue for conferences, exhibitions and meetings.