Aussies have traditionally been big spenders in the tech sector.
But in recent years, the government’s move to tax some tech companies has been accompanied by a surge in money from other industries.
Here are the best ways to invest and what to look for in the industry.
Venture capital: Startups and big-ticket tech investors have often been attracted by Australia’s low tax rate.
This means a significant portion of venture capital flows goes to the country’s startups, rather than to companies.
But the tax breaks may not be as generous as in the US or Britain, and venture capital returns may be less than in the rest of the world.
Some tech entrepreneurs are starting to invest here, too.
Here’s a look at some of the biggest Australian start-ups: In November, tech venture capital firm Arc Venture Partners announced a $100 million round led by Australian billionaire David Blunkett.
Arc Venture is also backing a startup in China called Haoqiu, which is aiming to help the country become a “global leader in digital technologies.”
In addition, the company has also raised $100m from the Australian Federal Government.
Venture funds are now the best route to capital for startups in Australia, according to Arc Venture’s CEO David Blinkett.
Government-backed venture capital: In October, the Australian Government announced it would be investing $100bn over the next five years in the Australian tech sector, including $50bn in venture capital funding.
This investment is part of a broader $2.5tn investment announced by the Federal Government in July.
Venture Capital Australia is Australia’s top venture capital fund, with $5.3bn of funding under management.
This funding is largely targeted towards startups in the country.
The Australian Government is also providing funding to a number of Australian start up companies.
These include Start-Up Australia, a company which helps start-up companies raise funds.
This is the first time the Government has given its backing to start- ups, and this is partly because of the tax relief the tax reforms are bringing.
Tax relief: In August, the Federal Parliament passed legislation which provides a significant tax break for start- up investors.
Starting a new business in Australia is taxed at 35 per cent, whereas in the UK and US it is taxed only at 15 per cent.
The move comes in the wake of the UK government’s announcement that it would tax the first $250,000 of the first £1 million of investors capital gains tax exemption, up from £250,001 to £1m.
This new tax break is expected to generate around $300m a year.
Investing in the private sector: Private equity firms are increasingly investing in the technology sector.
According to the Australian Bureau of Statistics, private equity firms invested $1.2 trillion in Australia in the first six months of 2017, up 10 per cent on the same period in 2016.
The latest figures show that in September, private investment in Australia was up 16 per cent year-on-year, compared to a 3.1 per cent rise in the previous year.
Some of the big tech companies that are investing in Australia include Facebook, Airbnb and Dropbox.
Venture funding: In 2018, the start-Up Australian Fund will fund more than $50m worth of new venture capital in Australia.
Venture Australia, meanwhile, will continue to invest more than £1.4bn in Australian start ups, with more than 30 start- Ups currently funding projects.
This will bring the total amount of funding invested in Australia to over $150bn.
Funding from the Reserve Bank: In January, the Reserve Board cut interest rates by an average of 25 basis points per month, making it the second-lowest in the world after the US.
Investors in the cryptocurrency space have also seen a significant boost in funding from the Federal Reserve, with about $11bn invested in cryptocurrencies in 2018.
Venture capitalists are now increasingly looking to the Reserve to help them raise capital.
Aussie tech companies: A lot of the companies in Australia are starting up.
Here is a look for the top five Australian tech start-Ups.
Amazon: Amazon has become the biggest tech start up in Australia thanks to its huge market dominance and its ability to attract investors.
However, Amazon is not alone in its rise.
Other Australian start top-ups include AppNexus, a travel booking app; Waze, which helps users find the best parking options; and Uber, which provides an affordable way to hire a car.
Uber: Uber has become one of the most popular ride-sharing services in Australia with its high growth rates and strong customer service.
However it is not the only tech start ups to be in Australia this year.
Start-up platform Ola recently announced it was partnering with the Australian Competition and Consumer Commission (ACCC) to launch a taxi app in Melbourne.
This partnership will enable Uber drivers to take passengers on their