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Australia's economic development was slow at first and based on the export of wool. This all changed with the discovery of gold in 1851 and mining has, overall, been the most important sector of the Australian economy. By the late 20th century, Australia had a prosperous Western-style mixed economy, with a per capita GDP on par with the four dominant Western European economies. In recent years, the Australian economy has been resilient in the face of global economic downturn, with steady growth. Rising output in the domestic economy has been offsetting the global slump, and business and consumer confidence remains robust. Australia's emphasis on reforms is another key factor behind the economy's strength. In the 1980s, the Labor Party, led by Prime Minister Bob Hawke and Treasurer Paul Keating, played a crucial role in modernizing Australia's economy.

Melbourne's restaurants are numerous, and are generally of reasonable quality and good value. Below are some of the major restaurant strips, however there are many other restaurants not in these locations which offer similar or better-quality food and usually at lower cost. The Age newspaper produces two "Good Restaurant" guides - one for low-cost eating and another for more elaborate restaurants.

Sydney is a significant global and domestic tourist destination and is regularly declared to be one of the most beautiful and livable cities in the world, admired for its harbour, beautiful coastline, warm and pleasant climate and cosmopolitan culture. Sydney significantly raised its global profile in recent years as the host city of the 2000 Summer Olympics. The city's name is pronounced "SID-nee".

Australia has about 800 species of bird, ranging from the tiny 8 cm Weebill to the huge, flightless Emu.

As one would expect from a city its size, Melbourne contains all manner of pubs, bars, and nightclubs. The CBD contains a wide variety of venues, from the ubiquitous faux-Irish pubs proliferating around the world, to some very upmarket establishments (such as the Supper Club, which offers all manner of exclusive wines at exclusive prices), serious jazz venues on Bennetts Lane, fashionable nightclubs and dance venues, and massive pickup joints (of which The Metro on Bourke Street is perhaps the biggest).

Melbourne was the only city in the Southern Hemisphere in which the Three Tenors (Luciano Pavarotti, Plácido Domingo and José Carreras) performed on their world tour in 1997, and the only city in the world to host the Kiss Symphony, a combined performance of the rock band KISS and the Melbourne Symphony Orchestra in 2003.

Because of the aging population, Australia maintains one of the most active immigration programs in the world, absorbing tens of thousands of immigrants from all over the world every year. Most permanent resident visas are granted on the basis of professional skills or family associations.

The Australian aborigines , estimated to number as many as 350,000 at the time of the Europeans' arrival, was numbered at 386,049 (including Torres Strait Islanders, who are of Papuan descent) in 1996. Although still more rural than the general population, the aboriginal population has become more urbanized, with some two thirds living in cities. New South Wales and Queensland account for just over half of the Australian aboriginal population. In Tasmania the aboriginal population was virtually wiped out in the 19th century.

The ABC has made an impressive contribution to television drama with immensely popular series like "Brides of Christ" and in comedy, with the 1970's hits "Aunty Jack" and "The Norman Gunston Show" and most recently "Kath & Kim".

Australia is situated in the middle of the tectonic plate, and therefore has no volcanism, although it may sometimes receive minor earthquakes. The terrain is mostly heavily weathered, low plateau with deserts, rangelands and a fertile plain in southeast. Tasmania and the Australian Alps contain a number of permanent icefields and numerous glaciers.