5 Reasons to Invest in Canberra | Business Brokers Canberra
There is an ease in investing and setting up businesses in Canberra, the Australian capital. More and more people now want to be their own bosses rather than being tied down for someone else’s business. However, you must do your due diligence before you invest in a business in Canberra. Business Brokers Canberra can develop a comprehensive plan for you and guide you through the process, and do all the backroom investigations so that you don’t have to.
If you’re still unsure if you should consider putting your money in the nation’s capital, we have 5 reasons why we believe you should do so.
5 Reasons Why Canberra is Ideal for Existing and Upcoming Businesses | Business Brokers Canberra
Canberra’s size and scale provide the perfect opportunities for existing markets to grow and for new businesses to make a mark.
1. Lowest Unemployment Rate – Business Brokers Canberra
As of April 2023, ACT’s unemployment rate is 2.9 per cent, the lowest rate across all jurisdictions. This is 0.4 per cent lower than in April 2022. The strong labour market attracts thinkers, artists, students and visionaries, and have the highest level of degrees per capita from leading universities. So, this indicates better market value and that more people might be willing to invest in new businesses and start new ventures, which can be highly appealing if you’re selling your business.
2. Business Brokers Canberra Find the City Well Connected and Innovative
Due to the city’s close proximity to the federal government, Canberra has strong trade links and can easily access opportunities through national trade programs. This includes Austrade’s TradeStart program.
3. International Investments
Canberra is highly appealing to international businessmen who want to invest in Australia or buy businesses here. This is because the state offers a visa pathway through the Business Innovation and Investment program to possible international investors, but they must be invited by the State or Territory government. So, you can partner with or get access to a highly diverse workforce, and make your company multinational.
4. Can Easily Start New Ventures
True entrepreneurs always have ideas for potential new businesses and want to try out their vision. The city provides extensive tailored support to start up, grow, and connect your businesses.
However, if you already have a running business, you can sell it to secure funds even if it’s doing well. You can secure enough capital to invest in other businesses or buy assets without taking a loan or incurring additional debt.
5. Booming and Resilient Economy
Compared to Eastern states and Territories, Canberra has the highest Gross State Product (GSP) per capita and Gross Household Disposable income per capita. Over the coming years, Canberra’s economy is expected to grow at around 3 per cent per annum, making it the fast-growing jurisdiction over the past decade.
So, if you are a start-up or a small-to-medium business, you can emerge as a big employer in the future and get better returns on the taxpayer’s investments. When the time comes, your business will be booming, which will fetch a greater market value if you ever plan to sell it.
Start Your Business in Canberra | Business Brokers Canberra
Canberra has many strong prospects for investments, giving it the perfect fresh start for your new business. Ask the Business Brokers Canberra for their different areas of expertise, and to understand your options to get started on your new journey.