Melbourne has been the fastest growing capital city in Australia since 2012 and the population, currently at 4.7 million, is forecast to reach 7.5 million in 2046.
To date, economic growth has been driven by both population growth and structural change as Melbourne now has a more diverse economy based on knowledge services.
The Melbourne property market continues to demonstrate its resilience by producing rising sales activity, accompanied by increased prices despite the challenges of repeated lockdowns. This can be attributed to Victoria’s sturdy economy and the property industry’s ability to successfully operate during the pandemic.
Get a copy of AllianceCorp’s collaboration report with HotSpotting and find out why you should invest in Melbourne today.