VIC Government dramatically lifts Melbourne’s population projection

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Over many years, Melbourne has lead the nation’s population growth, adding a ridiculous 1.3 million people (a 36% increase) in the 14 years to June 2018:

When I worked at the Victorian Treasury in 2006, the State Government had just released “Melbourne 2030”, which projected that the city’s population would reach 5 million people by 2030. In 2010, the Government released “Melbourne Beyond 5 million”, which projected that Melbourne would add one million people in 15 years and warned that the city was not ready for this growth.

As we already know, Melbourne smashed those projections, hitting 5 million people in 2018, 12 years earlier than initially projected in Melbourne 2030, after adding a whopping 590,000 people in just the five years to 2018.

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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.