Abstract: In recent years, China's forestry development has made remarkable achievements, and the forest coverage rate has increased to 23.04%, but the status quo of low forest quality and lack of forest coverage has not been fundamentally improved. In order to further understand the development of forestry in developed countries, learn from their experiences, and learn lessons, this article systematically analyzed the status quo, advantages, and disadvantages of Australian forestry development through the latest reports and related materials. The results showed that Australia's forest area was 1,340,000 square kilometers, and the forest coverage rate is 17%. The forest was rich in biodiversity and was a habitat for nearly 2,500 species of native vertebrates and 16,800 species of plants. Forest ownership was diverse with six types including leased forests, multi-purpose public forests and so on. Great importance has been attached to forest quality and protection of primeval forests. Sustainable forest management in both primeval and artificial forests was promoted. Ecological benefits such as forest carbon sequestration, water and soil conservation, and social and economic benefits such as promoting the employment of indigenous people, protecting cultural heritage, and forest recreation were more significant, and the forestry industry is relatively developed. However, there are also issues such as inadequate response to climate change, an incomplete ecological benefit monitoring system, insufficient forestry technology support, and a relatively single industrial development model. We should fully understand the current situation of forestry development in Australia, learn from experiences, strengthen the dynamic protection of forest resources, improve the ability of forestry to cope with climate change, pay attention to the social and economic benefits of forestry, and deeply explore the sustainable development of the forestry industry.