Australian Politics

Broke Victoria forges backwards into rust bucket state

Leith van Onselen
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Victoria’s population has surged by around 2.2 million people this century to more than 6.8 million people:

Victorian population change

Official state government projections have Victoria’s population swelling to 11.2 million people by 2056, with Melbourne transforming into a megacity of 9.0 million people:

VIC population projections
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The overwhelming majority of this growth will be driven by net overseas migration:

Components of population change

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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.
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