Prizemoney is a key indicator of the economic health of the industry. Since 1987 there has been an increase in prizemoney of some 150%, indicating a strong and growing industry. In the past six years prizemoney has risen by over 50%.
Australia is one of the leading nations in distributing prizemoney amongst owners, with the third highest total prizemoney in the world, totalling over $421million in 2008/09 at an average of $15,000 per race.
Another reason for buying Australian is that Australian bloodstock is well regarded throughout the world, with approx 1,500 horses being exported last year, with the number of imports decreasing to 950 horses, indicating the popular demand for Australian thoroughbreds worldwide.