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Melbourne is a reasonably cheap and easy place to shop. There are innumerable clothing shops for every budget, though bargain hunters may wish to try the outlet stores in Bridge Road, Richmond.

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.

News Corporation was founded in Adelaide and its first newspaper was The News which was later merged with The Advertiser. John Fairfax Holdings owns The Sydney Morning Herald, The Age (Melbourne) and the most prominent financial newspaper, The Australian Financial Review. Rural and regional media is dominated by Rural Press Limited, with significant holdings in all States and Territories. Titles include The Canberra Times as well as The Land (New South Wales), Queensland Country Life, Stock and Land (Victoria), Stock Journal (South Australia) and Farm Weekly (Western Australia). Rural Press also has significant holdings in New Zealand and the United States.

Alice Springs is best known outside the region as the setting of the Nevil Shute novel A Town Like Alice, and because of its proximity to Uluru, formerly known as Ayers Rock, the monolithic hill that is one of Australia's best-known natural landmarks as well as an important focus of Aboriginal culture and beliefs.

The land that is now Australia was first discovered by Europeans in 1522 by the Portuguese explorer Cristóvão de Mendonça, but it was only in the 17th century that the island continent became the subject of European exploration, with several expeditions sighting Terra Australis: The Dutch explorer Willem Jansz (1606), the Portuguese explorer Luis Vaez de Torres in Spanish service (1607), and the Dutch explorers Jan Carstensz (1623), Dirk Hartog and Abel Tasman (1642), after whom is named the island of Tasmania, but which he himself originally named after Anthoonij van Diemenslandt.

While Australia has ubiquitous media coverage, the longest established part of that media is the Australian Broadcasting Corporation (ABC), the Federal Government funded organisation offering national TV and radio coverage. The ABC, like the BBC in Britain, is a non-commercial public service broadcaster, showing many BBC or ITV productions from Britain.

In common with many other developed countries, Australia is currently experiencing a demographic shift towards an older population, with more people retiring and fewer people of working age. Similarly, a large number of Australian citizens (950,000 as of 2004) live outside of their home country. This number (almost 5%) represents a higher per capita percentage of overseas residents than many other countries including the United States. This phenomenon was, until recently, given little attention by the Australian government and media, but the term Australian Diaspora has now joined the Australian vocabulary.

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).

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.

Rainfall in Australia is highly variable, with frequent droughts lasting several seasons. Occasionally a duststorm will blanket a region or even several states and there are reports of the occasional large tornado. Rising levels of salinity and desertification in some areas is ravaging the landscape.