Thousands of New Year's Eve revellers made their way to Sydney Harbour on Monday (December 31) to claim vantage spots for the midnight fireworks display.
Families and tourists laid out blankets and had picnics to pass the time.
Singer Kylie Minogue, who is the creative ambassador for the New Year's Eve event greeted the crowds as she walked pass.
"Honestly, I've been so excited about coming home since I first signed up for the project, which was a year ago so, here I am and now it's a reality, it's so exciting," she said.
Up to 7 tonnes of fireworks were launched from the Harbour Bridge and seven city buildings at a cost of $6.6 million ($6.86 million USD).
The show is expected to be watched by over a billion people worldwide.
Meanwhile a fiscal cliff or the threats of recession seem to have taken backstage in Asia, where the first countries to see 2013 dawn will enthusiastically welcome the new year.
Increasingly democratic Myanmar will have a public countdown for the first time. Jakarta plans a huge street party befitting Indonesia's powering economy.
In Hong Kong, this year's 12.5 million Hong Kong dollar ($1.6 million) fireworks display was being billed by organizers as the biggest ever in the southern Chinese city. Police expect as many as 100,000 people to watch, local news reports said.
The buoyant economies of the Asia-Pacific are prepared to party with renewed optimism despite the so-called fiscal cliff threatening to reverberate globally from the United States and the tattered economy of Europe.
One day after dancing in the snow to celebrate the first anniversary of leader Kim Jong Un's ascension to supreme commander, North Koreans were preparing Monday to mark the arrival of the new year, marked as "Juche 102" on North Korean calendars - the number referring to 102 years since the birth of North Korean founder Kim Il Sung. "Juche" means self-reliance, the North Korean ideology of independence promoted by Kim, who was born in 1912. His grandson now rules North Korea.
In New Delhi, the festive mood was marred by the death Saturday of a young rape victim.
Several hotels, clubs and residents associations in Indian capital decided to cancel planned festivities and asked people to light candles to express their solidarity with the victim whose plight sparked public rallies for women's safety.
"Let there be no New Year celebrations across the country. It will be a major tribute to the departed soul," said Praveen Khandelwal, the secretary-general of the Confederation of All India Traders, an umbrella group of traders who run shops and businesses across the country.
In a field in Myanmar's largest city, Yangon, workers early Monday were testing a giant digital countdown screen with the backdrop of the revered Shwedagon pagoda.
Arranged by local Forever Media group and Index Creative Village, a Thai major event organizer, the celebration will be the first public New Year countdown in Myanmar, a country ruled for almost five decades by military regimes that discouraged or banned big public gatherings.
"We are planning this public new year event because we want residents of Yangon to enjoy the public countdown like in other countries," said Win Thura Hlaing, managing director of Forever Blossom company, a subsidiary of Forever Media.
With live music performances by singers and celebrities, colorful light shows, food stalls, fireworks and other events at the venue, the countdown is expected to draw 50,000 people, Win Thura Hlaing said.
Jakarta's street party will center on a 7-kilometer (4-mile) main thoroughfare closed to all traffic from nightfall until after midnight. Workers were erecting 16 large stages along the normally car-clogged, 8-lane highway through the heart of the city. Indonesia's booming economy is a rare bright spot amid global gloom and bringing prosperity or the hope of it to Indonesians.
Spirits in the capital have been further raised by the election of a new, populist governor, who is pledging action in tackling the city's massive infrastructure problems.
Despite the somber mood in the Philippines due to devastation from a recent typhoon, a key problem for authorities remained how to prevent revelers from setting off illegal huge firecrackers including some labeled "Goodbye Philippines" and "Bin Laden" that maim and injure hundreds of Filipinos each year, many of them children.
A government scare tactic, which involved doctors displaying brutal-looking surgical scalpels used for amputations of firecracker blast victims, has not fully worked in the past so health officials came up with a novel idea: Go Gangnam style.
The number of firecracker injuries has gone down since the campaign was launched early this month.
Hong Kong feng shui master Raymond Lo predicted 2013 would be less turbulent than 2012 because the Chinese new year in February will usher in the year of the snake, bringing an end to the year of the dragon, which was associated with water. Water is one of the five elements in feng shui theory, the Chinese practice of arranging objects and choosing dates to improve luck.
"Water is fear. So that's why we have had so much turbulence especially in the winter months," such as doomsday prophecies, school shootings and concerns about the fiscal cliff, said Lo.
"But the good news is that the coming year of the snake is the first time that fire has come back since 2007. Fire actually is the opposite to water, fire is happiness. So therefore the year of the snake is a much more optimistic year. So you can see signs of economic recovery now," he added.
"The positive thing is that people are very optimistic, therefore it will have a very strong drive on the economic recovery. We expect the stock market will do well, the property market will do well," Lo said.
AP/REUTERS