In Area, Western Australia is considered the largest state in Australia. It covers 1/3 of the mainland’s western portion. It is being bordered by the Northern Territory and South Australia. Thus, it is also stated as the world’s 2nd largest sub-national entity.

The Western Australians or West Australians, as they call themselves, are also referred colloquially as “sandgroppers”. This is based from the insects found on Perth’s sand dunes.

Western Australia

Western Australia, amongst other Australian states, has the utmost output in terms of per capita. Extraction and exportation of petroleum and mining commodities make up the economy of Western Australia. These commodities would be alumina, iron, natural gas, gold and nickel. Thus, the top alumina extractor of Western Australia produces over 20% of the alumina worldwide. It is also the 3rd largest producer of iron ore worldwide. The iron ore being produced is estimated to be about 15% of the iron ore being produced around the world. Aside from iron ore, Western Australia extracts about 75% of the 240 tonnes of actual gold in Australia. The Argyle diamond mine, where West Australians extracts there diamonds from is just situated in their North West area. Collie holds the coal mine responsible for Western Australia’s domestic power.

The unprecedented demand of a large amount of resources for China recently strongly and positively affected the economy of Western Australia. It paved the way for a more powerful GSP growth. In fact, Perth emerged as the significant administration area for businesses that pertain to the oil, gas and mineral industries.

Another important contributor of Western Australia’s GSP would be from their agricultural exports. These would be barley, wheat; and product from sheep like meat and wool.  About 50% of the exports from live cattle are from Western Australia.

With regards to the tourism sector in Australia, it has become the most important and significant sector in Western Australia. Thousands and even millions visit this part of Australia ever year. Most tourists would come from Ireland, the UK, Malaysia, Japan and Singapore.

Since Western Australia comprises about 10% of the population in Australia, the export revenues they were able to meet have reached about 30%. Thus, with the recent bolstering of commodities, the figure has actually reached and even exceeded 40%. Western Australia now outweighs Victoria, New South Wales and even a combination of the two; in terms of generating export.  Excellent corporate activity, high income, mineral revenue, younger population and lower unemployment figures would only show that Western Australia has become a good provide of distinct financial subsidy for the other states in Australia.

The Need for More Workers 

In fact, the bolstering of the economy of Western Australia was so strong it even produced a huge shortage on the labor sector. The government of Western Australia stepped forward and launched a worldwide appeal to urge skilled laborers and professionals to consider moving to Western Australia. Job vacancies have reached an outstanding level; and would continue to increase if the demands for many skilled workers are not met. This poses a threat to the government of Western Australia because these significant opportunities for more economic growth will be lost with the inability to produce skilled workers.

With regards to the compensation and income in Western Australia, it has surpassed the national average figure. The national average is about A$57,387; West Australians receive about A$61,662. This estimate was only as of 2007.

Like a chain reaction, the bolstering in economy of Western Australia caused a tremendous rise in the value of properties there. In 2006 alone, the average residential properties have increased their value to more than 40%. Although the values seem to have remained flat last year; it is still foreseen that it will continue to increase even at a much slower pace.  Perth currently ranks the 2nd in having the most valuable properties. Perth would come after Sydney. Their large projects in this state continue to fuel up the economy. Thus, the growth in population continues to push up the rental prices.

Significant manufacturing and refining industries are currently situated within Western Australia. This industry grows in accordance with the bolstering of Western Australia’s economy.

The Top Industries of WA 

The exportation of Liquefied natural gas to Asia, the production of fertilizers and Petro chemicals by the North Western Shelf region have also contributed a lot to the economy of Western Australia. The largest stated export contract of Australia would be with China. This is for a contract to supply China with gas for a period of time. The contract is worth a whooping AUD$45 Billion.

Another known area in Western Australia is Kwinana. It is situated on the southern part of Perth. Oil refining is said to be conducted in this area. This is along with an iron plant being owned by a Rio Tinto. Aside from oil refining, nickel and alumina is also being produced here.

In Henderson, Austal yards are the area where shipbuilding is being conducted. Henderson is situated by the southern portion of Fremantle. Thus, Perth also has several light & heavy engineering sectors, as well as factories for metal fabrication. This is why Perth is known to meet the demands for the mining industry. Building products and cement manufacturing, food processing, flour milling, automotive bodybuilding, animal-feed production, boat building and printing are the other light industries in Perth.

Small and major breweries are also situated in Perth. These would be the Carlton United Brewing at Mosman Bay, the Swan Brewery at Canning Vale, gage Roads Brewery in Fremantle, Little Creatures Brewery in Fremantle. 

Other significant industries in Western Australia would be their fishing industries. This can either be for foreign export or local consumption. Other exports would be their prawns, crabs, tuna, shark and rock lobsters. It is in the West Coast where processing is being conducted. 

Perth is also being considered as the center for finance and banking in the region. This would include the head offices of the state for all the major banks including the National Australia Bank, Commonwealth, ANZ and Westpac. It is also the home of the Woodside Petroleum Head Office; whose major offices are situated in Rio Tinto. This is also with the Western Mining Corporation and BHP.

Aside from this, the area is also the main center of Australia for gas & oil administration; as well as mining and insurance companies. These insurance companies would include Aviva, AXA, SGIO and AMP.

All these industries make up the bolstering economy of Western Australia. The need for more skilled workers and the major job vacancies would only show how successful this state in Australia is. It should mean that many investors trust in the capabilities and the market of Western Australia.

There are a lot of tourist attractions in Western Australia. For their reserves, forests and parks;

1. Stirling Range National Park
2. Poronqurup Range National Park
3. Beedelup
4. Warren National Park
5. Valley of the Giants
6. Tree Top Walk
7. Ancient Empire Grove
8. Kings Park
9. Yanchep National Park
10. Munda Biddi Trail

The renowned beaches of Western Australia:

1. Cable Beach
2. Ningaloo Reef
3. Middleton Beach
4. Margaret River
5. Lucky Bay
6. Rottnest Island
7. Cottesloe Beach
8. Windsurfer’s Beach

Outback Adventures in Western Australia

1. Golden Outback
2. Coral Coast
3. Australia’s North West
4. Gibb River Road
5. Thundelarra Station
6. Leeuwin Naturaliste National Park
7. Cape Le Grand National Park
8. Karijini National Park

Rivers and Lakes in Western Australia:

1. Lake Argyle
2. Swan River
3. Swan Valley
4. Canning River
5. Coast of Freemantle
6. Avon River
7. Blackwood River
Family Attractions in Western Australia:
1. Perth Zoo
2. Scitech Discovery Centre
3. AQWA
4. Perth Mint
5. WA Maritime Museum
6. Swan Valley Wagon Trails
7. Adventure World
8. Mount Romance Scandalford Factory
9. Kodja Place
10. Caversham Wildlife Park

Top Events in WA:

1. Red Bull Air Race
2. BMW Perth Cup
3. Spring in the Valley
4. Margaret River Wine Region Festival
5. Johnnie Walker Golf Tournament
6. UWA Perth International Arts Festival
7. Ord Valley Muster
8. Multiplex Avon Descent
9. Australia Day Fireworks
10. Rottnest Channel Swim,

Famous Night Spots and Pubs:

1. Subiaco Hotel
2. Sail and Anchor
3. Little Creatures
4. Swan River Foreshore
5. The Carine
6. Belgian Beer Cafe
7. Norfolk Hotel
8. The Queens
9. The Brisbane Hotel
10. Sail and Anchor

Although land in Western Australia is very expensive, it is considered as a breeding ground for a lot of opportunities. Expatriates will love everything in Western Australia and the other attractions that other states of Australia can offer. Even if the rental would be quite pricey, it is still comparable and equal to the income you will receive.

If you are planning to buy a property or invest in Western Australia, you are making an excellent choice. The return of investment is not only guaranteed; it may even surpass all expectations. Rental yield is also ensured in this part of Australia. Thus, with all the businesses and major industries present here, you will find everything easily accessible and easily attainable.