Broke Victoria forges backwards into rust bucket state

Tuesday, 19 March 2024

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

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:

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

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.