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Many raw materials (including resources postulated to exist but yet to be discovered) remain mostly unexploited. Australia is often referred to by economists as the "world's farm", but despite this emphasis on the agriculture sector, in recent years the Australian government has been focusing on the tourism, education and technology markets.

Sydney boasts a full roster of musical, theatrical and artistic activity throughout the year, from the formal - including the Sydney Symphony Orchestra, the Sydney Theatre Company, the Sydney Dance Company, and the Archibald Prize - to festivals, including the Sydney Festival, a celebration of free performances throughout January. Many internationally known Australian rock bands have had their conception in Sydney, from Midnight Oil to INXS.

New Zealanders are granted Special Category Visas on arrival in Australia, which allow them to remain in Australia to live or work indefinitely. However, New Zealand citizens are excluded from government subsidised tertiary education or other advantages granted to Australian citizens and permanent residents. New rules in 2001 divided New Zealanders living in Australia into two categories: those who were resident in Australia before 2001, and those who arrived in Australia after 2001. Those who were resident before 2001 may claim unemployment benefits after two years residence, as is the norm for permanent residents of other nationalities. New Zealanders who have arrived in Australia after 2001 are not entitled to any unemployment benefits at all, as is the norm for people living in Australia only on work permits.

The most popular spectator sport in Perth is Australian Rules football. Two teams in the Australian Football League (AFL) are based in Perth: the West Coast Eagles and the Fremantle Football Club (or "The Dockers").

Australia is home to the Great Artesian Basin - an important source of water for people and cattle in the parched outback. This basin is the world's largest and deepest fresh water basin.

Australia is a constitutional monarchy, with Elizabeth II reigning as 'Queen of Australia'. In 1999, a referendum was held on the question of constitutional change to a republic, with an appointed President replacing the Queen as head of state, but this was rejected. Various surveys held before and since the referendum suggest that the majority of Australians favour some form of republic, and hence many people ascribe the negative result of the referendum to dissatisfaction with the particular republican model that was proposed.

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

The publicly funded Special Broadcasting Service carries TV and radio programmes in a variety of languages, as well as world news and documentary programming in English, and is seen as less highbrow than the ABC. SBS does have a small following, having the distinction of being the TV channel most likely to show soccer, the most played sport in Australia but said to be the least watched.

Although most of the continent is desert or semi-arid, Australia nevertheless includes a diverse range of habitats, from alpine heaths to tropical rainforests. Because of the great age of the continent, its very variable weather patterns, and its long-term geographic isolation, much of Australia's biota is unique. Such species that are famously Australian include: koalas, kangaroos, emus, platypuses, wombats and echidnas.