The Centre for Population’s 2021 Population Statement projects that Melbourne will officially become the nation’s biggest city on the back of extreme immigration:
Melbourne is projected to be the fastest growing capital city from 2023-24 onwards, and to overtake Sydney as the nation’s largest city in 2029-30 with just over 5.9 million people in that year. Melbourne’s growth over the projection period is driven by slightly stronger net overseas migration and stronger net internal migration than Sydney…
Net overseas migration is projected to drive population growth across most capital cities from 2022-23 onwards, with the exception of Darwin and the Australian Capital Territory, where natural increase is projected to be the main driver of growth…
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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.
