Located in the south-east, Melbourne is the capital of the state of Victoria and the second largest city in Australia.
It’s considered as the most livable city in the world and boasts a multicultural population consisting of Greeks, Italians, Indians, Spanish, Portuguese and Chinese residents.
In terms of weather, the winters in Melbourne are cold and dull while summers are very hot and dry. The city is also famous for having “four seasons in one day”. It’s very normal to have perfectly blue skies one minute and thunderstorms in the next.
Living in Melbourne
Geographically, Melbourne is divided into the Inner (Docklands, Port Phillip, Yarra), Northern (Darebin, Hume, Moonee Valley, Moreland, Nillumbik and Whittlesea), South Eastern (Bayside, Cardinia, Casey, Greater Dandenong, Glen Eira, Kingston, Monash, Stonnington, Frankston and Mornington) , Eastern (Knox, Manningham, Maroondah, Whitehorse, Yarra Ranges) and Western districts (Hobsons Bay, Maribyrnong and Wyndham).
Choosing where to live depends on your way of life and preferences. Camberwell and Surrey Hills are green and leafy areas and are ideal for families. The suburb of St.Kilda is situated by the bay and is an artsy district. Sandringham is also near the bay but has more of a village feel.
Fitzroy is situated in the north-east of Melbourne and is one of the liveliest and oldest districts in the city. Richmond is a well-known retail area and houses a considerable number of cafes, eateries and restaurants.
Getting around in Melbourne is relatively easy due to an extensive public transport system consisting of buses, trams and metro trains.
Buses are the most popular mode of transport in the city. The trams run on over 200 kilometers of tracks while the metro train runs on 16 lines and has over 200 stations. All of these services use the Myki ticketing system and connect the suburbs to Melbourne’s central business district.
Melbourne has the largest freeway network in the country and is also home to the Melbourne Airport, the second busiest airport in Australia.
The city of Melbourne offers a wide variety of leisure activities. Museums highlight the history and local heritage of the city whereas the zoos, aquarium and wildlife parks are immensely popular with children.
Catering to various demographics, Melbourne also hosts various cultural events throughout the year. Chinese residents celebrate their new year at Yarra’s Victoria Street while the Hispanic community regularly organizes a fiesta on Johnson Street.
Free open-air concerts, the Spring Fashion Week, the Australian Open and the Melbourne International Film Festival are just some of the more notable events held in the city.
Working in Melbourne
Melbourne is considered as the financial hub of Australia. The city has a highly diversified economy based on several industries including finance, manufacturing, education, health care, life sciences, IT, mining, agriculture and tourism.
1. Job Prospects
The service sector provides the highest levels of employment opportunities in Melbourne. Capable workers are always needed in finance, education, healthcare, logistics and tourism industries.
The tourism sector alone supplies over 20,000 jobs in Greater Victoria and is seen as an important part of Melbourne’s economy.
IT professionals and communication specialists are also in demand.
Numerous biotech companies, health care facilities and universities constantly look to employ experienced professionals in their respective fields.
Advanced manufacturing industries also employ a large number of skilled workers in Melbourne. Agricultural work is prominent in rural Victoria whereas the mining industry attracts numerous foreign engineers.
2. Starting a Business
In addition to great job opportunities, Melbourne is also an ideal city for starting a business.
The government provides support for all types of businesses and information regarding taxes, registration and essential paperwork is freely available.
You can structure your venture as a Sole Trader, as a Partnership or even a Company. These are the most common types of business structures in Australia and each of them has their own pros and cons.
In terms of financing, secured loans such as a Fully Drawn Advance, an Overdraft and a Line of Credit are commonly recommended.
If you’re using your own personal name for your business then you don’t have to register it.
Other names should be checked against the Business Names Register and Company and Other Registers on the Australian Securities and Investment Commissions website (ASIC) to confirm that they’re available.
Depending on the nature of your venture, you’ll also have to apply for an Australian Business Number (ABN), a Tax File Number (TFN), register for goods and services tax (GST) or apply for an Australian Company Number (ACN).
3. Finding Office Space
The most popular districts for office space in Melbourne includes the CBD, the Docklands, the North Precincts, the South Precincts and Fishermans Bend.
Both coworking and serviced office space can be found in these areas. Startups and freelancers prefer coworking areas while serviced offices are leased by both local companies and multinational corporations.
Cost of the space varies depending on the location. The CBD is the most expensive area while the outer suburbs tend to be more economical.
You can get more information about coworking spaces and serviced offices across the globe by going here.