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Sydney, Australia News About Sydney, Australia Sydney is a modern, prosperous city with the highest median household income of any major city in Australia. The largest economic sectors in Sydney, measured by numbers of people employed, include property and business services, retail, manufacturing, and health and community services. Since the 1980s, jobs have moved from manufacturing to the services and information sectors. Sydney provides approximately 25 percent of the country's total GDP. Sydney is the largest corporate and financial centre in Australia and is also an important financial centre in the Asia Pacific. The Australian Securities Exchange and the Reserve Bank of Australia are located in Sydney, as are the headquarters of 90 banks and more than half of Australia's top companies, and the regional headquarters for around 500 multinational corporations. Of the ten largest corporations in Australia (based on revenue), four have headquarters in Sydney (Caltex Australia, the Commonwealth Bank, Westpac, and Woolworths). Fox Studios Australia has large movie studios in the city. The Sydney Futures Exchange (SFE) is one of the Asia Pacific's largest financial futures and options exchanges, with 64.3 million contracts traded during 2005. In global terms it is the 12th largest futures market in the world and the 19th largest including options. Tourism plays an important role in Sydney's economy, with 7.8 million domestic visitors and 2.5 million international visitors in 2004. Sydney's retail environment is flourishing, with many shopping centres and retail outlets throughout the city. Premier locations in the central city include the Queen Victoria Building on George Street, the pedestrian mall on Pitt Street and the quieter, northern end of Castlereagh St. Along the latter are most of the international luxury boutiques in Sydney such as Jimmy Choo, Versace, Gucci and Chanel. Many of the large regional centres around the metropolitan area also contain large shopping complexes. Other Major Cities:
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