Australia states comparison table in 2024

Summary New South Wales Victoria Queensland Australia Capital Territory Western Australia South Australia Northern Territory
Preferred city for incorporation of the company? Sydney Melbourne Brisbane Canberra Perth Adelaide Darwin
Business output market size? (in AU$ billions) AU$507 AU$356 AU$300 AU$35 AU$276 AU$99 AU$22
Market size relative to the economy? 31% 22% 19% 2% 17% 6% 1%
Local purchasing power (GSP per capita) AU$? 66,966 60,413 63,209 89,975 107,247 58,253 92,107
Total population? (in thousands) 7,671 5,996 4,809 393 2,604 1,703 244
Most popular business sector? Business services Business services Business services Business services Mining Household services Natural gas
Specific attractive Government incentives available? Yes Yes Yes Yes Yes Yes Yes
Hub for the headquarters of multi-national firms? Yes Yes No No No No No
City airport with direct flight to Europe, Asia and America? Yes Yes No No No No No
Total foreign investment in 2015? (in AU$ trillion) 1.4 1 0.22 0.1 0.15 0.06 0.07
Logistical considerations New South Wales Victoria Queensland Australia Capital Territory Western Australia South Australia Northern Territory
Attractive State for a manufacturing business? Yes Yes Yes No Yes No No
Attractive State for a e-business? Yes Yes No Yes No No No
Attractive State for an export-oriented service business? Yes Yes No No No Yes Yes
CBD monthly office rental per sq m? AU$108 AU$67 AU$73 AU$100 AU$65 AU$63 AU$56
Average monthly warehouse rental per sq m? AU$60 AU$33 AU$36 AU$55 AU$33 AU$30 AU$28
Average monthly electricity prices? (cents per Kwh) 31 31 26 27 27 36 30
Proximity of sea port to the main city? 3km 6km 6km 288km 18km 14km 6km
Proximity of airport in kilometres to the main city? 12km 23km 15km 7km 11km 6km 11km
Proximity of rail in kilometres to the main city? 600m 400m 450m 6km 100m 2km 17km
Number of international tourists? (in million) 3.6 2.5 2.4 2 0.8 0.4 0.2
Average annual inflation rate? 0.9% 1.4% 1.5% 0.8% 0.5% 0.7% 0.1%
Average unemployment rate? 5.2% 5.8% 6.4% 3.8% 5.7% 6.9% 4.1%
Time zone? (ahead of GMT) +10 hours +10 hours +10 hours +10 hours +8 hours +9.30 hours +9.30 hours
Quality of internet broadband and Wi-Fi? Excellent Excellent Good Excellent Good Satisfactory Satisfactory
Corporate banking and finance considerations New South Wales Victoria Queensland Australia Capital Territory Western Australia South Australia Northern Territory
Is the main city a financial services hub? Yes Yes No No No No No
How many global banks are based in the state? 33 17 8 2 12 5 1
How many Aussie banks with local branches? 17 15 17 16 17 17 11
Recommended Bank for corporate banking? Westpac Bank ANZ Bank Commonwealth Bank HSBC ANZ Bank Commonwealth Bank Westpac Bank
Quality of bank customer services? Excellent Excellent Good Good Good Good Satisfactory
Quality of online banking services? Excellent Excellent Good Good Good Good Good
Does the State have a reputable financial district? Yes Yes No No No No No
Does the State have a local Stock Exchange? Yes No No No No No No
Are there Private Equity Funds/VCs in the State? Yes Yes Yes Yes Yes Yes Yes
Employment considerations New South Wales Victoria Queensland Australia Capital Territory Western Australia South Australia Northern Territory
Average monthly salary for local employees? AU$6,678 AU$6,300 AU$6,322 AU$7,482 AU$7,371 AU$6,134 AU$6,807
Average skilled labour monthly salary? AU$8,014 AU$7,560 AU$7,586 AU$8,978 AU$8,845 AU$7,361 AU$8,168
Average unskilled labour monthly salary? AU$4,975 AU$4,810 AU$4,625 AU$5,237 AU$4,160 AU$4,294 AU$4,165
Labour productivity (Value Added per hour)? AU$61 AU$59 AU$59 AU$64 AU$63 AU$57 AU$59
Is there a large expatriate community in the State? Yes Yes No No No No No
International schools for children of expatriate employees? Yes Yes Yes Yes Yes Yes Yes
Golf courses near the main city of the State? Yes Yes Yes Yes Yes Yes Yes
General availability of bars and restaurants? Yes Yes Yes Yes Yes Yes Yes
Will I find European F&B products in the supermarkets? Yes Yes Yes Yes Yes Yes Yes
Mercer Survey Ranking for global cities? 10 15 36 28 21 27 Not ranked
Is the main city of the State safe for expatriates? Yes Yes Yes Yes Yes Yes Yes
Literacy rate? (% of population) 96% 96% 95% 99% 95% 96% 95%
Computer literacy rate? (% of population) 85% 85% 80% 90% 70% 65% 65%
Working overtime is common? Yes Yes No Yes Yes No No
Accounting and tax considerations New South Wales Victoria Queensland Australia Capital Territory Western Australia South Australia Northern Territory
Payroll tax rates? 5% 5% 5% 7% 6% 5% 6%
Stamp duty rate on asset transfers of AU$500,000? 5% 6% 5% 6% 5% 5% 5%
Land tax (over threshold) on property worth AU$500,000? 1.6% 0.2% 1.7% 4.6% 0.25% 0.5% 0%
Monthly state tax filing required? Yes Yes Yes Yes Yes Yes Yes
Business grants offered by the state government? Yes Yes Yes Yes Yes Yes Yes
Specific tax incentives available in this state? Yes No No No No Yes No

How many tax exempt free zones available? 0
Average customs duty of export products? 5%
Average customs duty for imported products? 5%
Local VAT rate? 10%
Corporation tax rate? 30%
Withholding tax on dividends to overseas shareholders? 0%
Total foreign investment in 2015? AU$3 trillion
Minimum monthly wage? AU$2,915
Average pension and insurance benefits (% of salary)? 10%
Mandatory labour unions? No
Minimum notice to dismiss employees? 3 weeks
Minimum redundancy indemnity? 2 months

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