Victoria
Victoria & Melbourne
Melbourne is the creative centre of Australia. Admired as the knowledge, technology and innovation capital, it is celebrated for its cultural diversity. The second largest city in Australia, Melbourne is the capital city of Victoria with a population of approximately 3.4 million people. Melbourne boasts a strong and growing economy, efficient infrastructure and status as a global city. With an economy larger than that of Singapore, the Philippines and New Zealand, the State of Victoria manages close to 25 per cent of the Australian economy.
Victoria is located in the south-east corner of Australia, sharing a border with New South Wales, South Australia and the sea. The state’s population is currently 5.13 million, expected to reach 6.6 million by 2051. A comparably young city, 48 per cent of the population is under 35. Since 1997, Melbourne has achieved significant population and employment growth, with a significant increase in international investment in industry and the property market.
Lifestyle & Industry
Invest in Victoria
Victoria’s population is projected to reach 6,600,000 people by 2051. That’s an increase of 1.5 million people (or 30%) from its current population of 5,128,000. Melbourne, Victoria’s capital city is the most populated area within the state with a current population of 3,744,000.
The state government has implemented the Melbourne 2030 strategy to assist in coping with the large surge in population and has identified key areas where we are likely to see development of housing and infrastructure.
Economy
