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Australia has a prosperous Western-style capitalist economy, with a per capita GDP at the level of the four dominant West European economies; its developed market economy is dominated by its services sector (65% of GDP), yet it is the agricultural and mining sectors (7% of GDP combined) that account for the bulk (58%) of Australia's goods and services exports.

Despite being considered by some almost an anathema to literature the Australian born business man Rupert Murdoch is one of the most powerful men in media worldwide. His influence on literature includes the ownership of numerous newspapers in several countries and the publishing firm HarperCollins.

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.

Until the late 1960s, many have argued that Australian popular music was largely indistinguishable from imported music: British to begin with, then gradually more and more American in the post-war years. The sudden arrival of the 1960s underground movement into the mainstream in the early 1970s changed Australian music permanently: Skyhooks were far from the first people to write songs in Australia, by Australians, about Australia, but they were the first ones ever to make money doing it. The two best-selling albums ever made (at that time) put Australian music on the map. Within a few years, the novelty had worn off and it became commonplace to hear distinctively Australian lyrics and sometimes sounds side-by-side with the imitators and the imports.

Perth is the state capital city of Western Australia, the largest state in Australia. Perth is the world's most isolated city of more than a million people. In June 2003 the Perth Metropolitan Area had an estimated population of 1,433,217, making it the fourth largest city in Australia.