Victoria is ground zero in homelessness crisis

Tuesday, 5 March 2024

Due to record net overseas migration (NOM), Victoria (read Melbourne) has experienced the nation’s largest population expansion.

Victoria’s population increased by 182,000 in the 2022-23 financial year, driven by NOM of 154,000:

Victoria’s population has also ballooned by 2.1 million people (46%) this century, driven by a NOM of 1.3 million.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.