Victoria to become “powerhouse of population and property”

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“Unabashed supporter of a bigger Australia”, Bernard Salt, has spruiked new projections for Victoria’s population which he claims will make the state a “powerhouse”:

Victoria’s Department of Environment, Land, Water & Planning released new projections in July showing a powerhouse of population growth and property (and infrastructure) demand unfolding over the coming generation…

The previous set of state projections released in 2016 had Victoria rising to 7.7 million by 2031 whereas the latest iteration has upped this outlook to 8.1 million. That’s another 400,000 Victorians and another 200,000 houses or apartments that must be delivered during the 2020s. That’s important if you’re in the property game…

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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.