This is what’s supporting Melbourne’s property prices

Victoria’s unprecedented population growth, adding nearly a million people since 2006 is underpinning Melbourne’s strong property markets. 


Victoria’s 2.4 per cent population growth rate far outstrips the ACT at 1.8 per cent, and NSW at 1.6 per cent.

Recent figures from the Australia Bureau of Statistics show the strongest population growth in Victoria since 1960, helped by a net migration of 5,000 Australians moving to Victoria from other states in the first three months of 2017.

2,000 of these were ex NSW residents who moved permanently to Melbourne and 8,000 people moved from NSW during the past year.

Melbourne population growth

Source: The Age


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Kate Forbes


Kate Forbes is a National Director Property Strategy at Metropole. She has 15 years of investment experience in financial markets in two continents, is qualified in multiple disciplines and is also a chartered financial analyst (CFA).
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