From publicaccountant.com.au: Australia’s business landscape continues to grow, with a net increase of 73,125 businesses in 2023-24, driven by sectors like financial services, transport, and healthcare.

The number of non-employing businesses surged by 4.9%, indicating trends such as the gig economy and freelance work, while wage growth slightly declined from 4.2% to 3.2%.

Overall, industries like electricity and waste services saw significant turnover growth, showcasing both opportunities and challenges in the evolving economic environment.