TheAdvertiser.net.au

Business

The 6 Most Profitable Industries in Australia

  • Written by NewsServices.com

Australia is considered one of the many countries with a good business atmosphere. That’s because it offers reasonable allowances, taxes, certifications, and so much more. Whether you are planning to set up your own business or invest in the country, it’s important to know the most promising opportunities that will give you excellent ROI.

In that regard, here are some of the most profitable industries in Australia that you can consider.

Agriculture

Forestry, fishing, and agriculture are the country’s most lucrative industries. Particularly, dairy cattle and beef, eggs, beekeeping, nursery care, and cotton farming are some of the top ones under this classification. A 75 percent share of the business's overall GDP is devoted to small companies in the agricultural field.

Laundromat Business

This one is an excellent money-making platform for several owners. A report by IBIS World revealed that the dry cleaning and laundry industries in Australia are estimated to be worth over $2 billion yearly.

Health Services

This industry involves an array of services as well as facilities. General hospitals are the industry’s bigger profit driver, accounting for more than 50 percent of Australia’s health service profit. Clinical specialists, general practitioners, and dentists also signify significant streams of profit for this field. The country's growing population has produced a strong need for this service in the past couple of years. Moreover, because of the worldwide health crisis, the expansion of health services has become even more in demand to stop and contain coronavirus.

Professional Services

This industry offers different professional, technical, as well as scientific services to a wide range of markets. Professional service performance is widely associated with the overall economic state that often settles on business confidence as well as capital expenditure. Over the years, bigger business earnings, growing capital expenditure, and positive business confidence have backed the demand for professional services.

Glass and Glazing

This is another sought-after industry in the country. That’s because it offers extended applications in different areas such as companies, residential properties, and many others. Like how other countries are renowned for innovative products, Australia is also popular for this massive and profitable industry.

Online Casino

Believe it or not, Aussies are fascinated by online casino. In fact, over ¾ of the population engage in some kind of gambling yearly. The casino industry is also one of the many attractions luring tourists to the big cities of the country. Here, online casinos involve sports betting, lotteries, slots, and poker, which generate 75 percent of the whole gambling profit of the country.

Conclusion

Australia is one of the most affluent nations in the globe. There are a lot of industries that thrive in this country, making it an excellent investment destination. If you are a casino enthusiast, it offers you a green pasture for business. So, it’s wise to take advantage of it.

Business

The 6 Most Profitable Industries in Australia

Australia is considered one of the many countries with a good business atmosphere. That’s because it offers reasonable allowances, taxes, certif...

How to Hire a Professional Graphic Designer for Your Brand

You have just recently finalized a brand for your company. You are all set to introduce it to consumers and the market. You and your team are sure...

Hospitality skills shortage running dry in the NSW Riverina

Businesses such as Junee Licorice and Chocolate Factory and Yarra Wines in the NSW Riverina are facing a labour shortage, with some companies having...

What Is Cloud-Native Computing and 4 Reasons Why Businesses Need It

Over the last couple of years, we have heard a lot of things about digital transformation and how cloud computing makes an integral part of this d...

$200 million support package for Not-for-Profits

The NSW Government has announced a $200 million support package for the Not-for-Profit (NFP) sector to help organisations faced with the financial i...

First production in view as Bowen Coking Coal scoping studies deliver strong results

Bowen Coking Coal’s ambitions to become a low-cost independent producer of high quality coking coal within the next few years have received a ma...

Meltwater wins Comparably awards for “Best Career Growth” and “Best CEOs for Women”

Meltwater, a global leader in media intelligence, is proud to announce that it is the recipient of two Comparably Awards for “Best Career Growth...

New research reveals the most lucrative and in-demand digital skills

Robert Half report – The Demand for Skilled Talent   As digital transformation reshapes the labour market and Australian businesses face a...

HypeAuditor releases first ‘Influencer Income Survey’ results

HypeAuditor, the AI analytics platform for brands seeking fair, transparent, and effective influencer marketing, has released the global results o...