If you are living in regional Victoria, you can easily find a wide range of options for investment. It has a diverse industry that includes different sectors, e.g. food, manufacturing, tourism, transportation, logistics, communication, technology, information, and a lot more. Moreover, it gives new investors access to export market development. In each region of Victoria, you can find trade specialists to work with. However, you should explore as many opportunities as possible before you make a final investment decision.
Here are a few investment opportunities in regional Victoria mentioned.
- New Energy Technology
The government of Regional Victoria is constantly trying to increase the renewable energy target. It has a proper goal that it can meet with the help of storage investments and clean energy. It is also offering support to those who are interested in expanding their renewable energy operations.
You can have large scale investment opportunities in some of the areas that include hydrogen, wind, large-scale storage, large-scale solar, and bioenergy. Moreover, Victoria has natural resources like wind, ocean, solar, and biomass. It has released a directory that has all the details of the companies that can operate renewable energy sector facilities.
- Food Processing and Agriculture
It is another amazing opportunity for those who want to invest their money in the right place. Victoria has been experiencing economic growth for 23 years. As far as annual economic growth is concerned, it has been achieving 2.4 per cent annual growth for over the last ten year. It has a competitive edge because of its green and clean produce using high standards. It also follows the procedures that help protect the environment as well.
Moreover, Victoria is a leader in food processing as it produces almost 30 per cent of Australia’s food. It uses highly skilled workers, good quality food safety system, and credible technological advancements. This way, it attracts a lot of international investors towards it.
- Transport, Defence, and Construction
Transport, defence, and construction also provide with one of the best investment opportunities. The government of Victoria is investing in this sector to enhance the infrastructure. It further helps in moving the goods and data smoothly. It is a vital element that helps the city develop new knowledge and technologies advancement.
If you have a look at the infrastructure of Melbourne, it includes curfew-free airports, a dense concentration of health, fastest national broadband, best quality water, low-cost electricity and gas supply, entertainment infrastructure, and world-class events for busiest cities of Australia. Other than this, it has a lot of infrastructure projects to provide investors with golden opportunities.
- Fintech
Victoria has more than 295 Fintech startups that make billions of dollars collectively. It is also expected from the market to grow further and reach till $28 billion by the end of 2030. The continuous growth in this sector creates the need for more services. There are so many significant adjacent opportunities to invest in Fintech such as PropTech and RegTech.