The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
2 WEEKS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE MORE THAN 550 ALREADY ATTENDING
2 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
Renee McKeownFri 27 Oct 23

Data Reveals Top Victorian Spots Tipped for Growth

Victoria Predicts Property Growth in places like Bendigo in its Victoria in Future dataset

The top areas for population growth in Melbourne and regional Victoria, and best places for residential development in the next 25 years, have been revealed.

The state government has released the Victoria in Future dataset that shows the areas expected to grow most were those with the greatest capacity for new homes.

In the metropolitan area this was Wyndham, Melton, Casey, Hume and Whittlesea, while in regional Victoria Greater Geelong, Ballarat, Greater Bendigo, Baw Baw and Moorabool topped the list.

Meanwhile, the government areas that would record the fastest growth to 2036 were Mitchell at 6 per cent, Melton 4.5 per cent, Wyndham 3.2 per cent, Melbourne 3.1 per cent and Cardinia 2.7 per cent.

Regionally, Moorabool would grow by 2.7 per cent, Baw Baw by 2.1 per cent, Golden Plains 2.1 per cent, Greater Geelong 2.1 per cent and Surf Coast by 1.6 per cent.

Victoria’s population is expected to grow by 3.5 million people by 2051 with net migration to account for 66 per cent of that growth. 

“The projections give an idea of what is likely to happen if current trends continue,” the report said.

“They are developed using mathematical models and expert knowledge, relying on trend analysis and assumptions about future change.

“The population of Melbourne will increase strongly through net overseas migration as over 90 per cent of overseas migrants to Victoria are expected to settle there.

“But Melbourne is also expected to retain strong natural increase throughout the projection period.

“In contrast, the main driver of growth in regional Victoria will be migration from Melbourne. 

“It is projected that population ageing and the increasing numbers of deaths in regional Victoria will result in lower levels of natural increase in regional Victoria.”

However, the number of households will grow at a faster rate than the population as the average household size is expected to decrease.

The average household size was predicted to drop from 2.52 in 2023 to 2.43 in 2051, and while the population would age, the continued migration of young adults would slow the ageing rate.

AUTHOR
Renee McKeown
More articles by this author
ADVERTISEMENT
TOP STORIES
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
View All >
Industrial

Inland Rail: Site at Rural Hub Comes to Market in Victoria

Lindsay Saunders
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
Income growth and price dips have done little to improve the situation, according to fresh data from the Urban Land Inst…
LATEST
Industrial

Inland Rail: Site at Rural Hub Comes to Market in Victoria

Lindsay Saunders
2 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
3 Min
Logan Wastewater Funding hero
Infrastructure

Flush of Funding to Deliver 20,000 New SEQ Homes

Phil Bartsch
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/victoria-in-future-population-growth-centres