The rise, fall, and resurgence of Australian game development

The Australian game development industry is bouncing back after significant losses during the global financial crisis, which saw about 60% of the sector vanish. With the introduction of the Digital Games Tax Offset in 2023, indie developers are now benefiting from a 30% tax rebate, which can be combined with state-level incentives for a total of 45%. This financial support is enabling studios to grow and innovate, making Australia an attractive destination for game development.

Notable indie successes like 'Untitled Goose Game' and 'Hollow Knight' highlight the potential of this revitalized scene. As experienced developers form new studios, the ecosystem is becoming increasingly robust. The government's role in providing funding and tax incentives is crucial, allowing developers to focus on creativity while mitigating financial risks.