Melbourne Shaping Up As Australia’s Biggest City
Sydney as Australia’s most populous city by 2053. However, due to high migration and birth rates, this may occur as early as 2030. 
Victoria has a population of 5.6 million (2012). The ABS has included a number of alternative population assumptions for Melbourne around fertility rates, net overseas migration and life expectancy. 
The Victorian Government has acknowledged the growth forecasts by opening up housing opportunities in urban renewal precincts, growth areas and in rural and regional Victoria. The Government’s Melbourne Plan outlines action that is designed to create a State of Cities, not just a city-state. 
“The State’s skilled and innovative workforce and competitive business environment each combine to make Melbourne one of the most dynamic cities in the world. Victoria contributes to almost a quarter of Australia’s GDP (Gross Domestic Product) despite occupying just 3% of its land mass and has maintained positive economic growth for 20 years. It is also currently the only state in Australia to hold a AAA credit rating with a stable outlook,” said Victorian Commissioner to South East Asia Tim Dillon. 
Melbourne was also recently named as the best city in the world to live in, according to the latest Economist Intelligence Unit’s (EIU) Global. 
Liveability Survey – the third consecutive year that the Victorian capital has been at the top of the influential index, since taking the title from Vancouver.  
Melbourne consistently scores highly in all of the EIU’s criteria and achieves perfect scores in the areas of healthcare, education and infrastructure. Ongoing investment in Melbourne’s world-class infrastructure was highlighted in the report for keeping Melbourne at the top of the index. 
Melbourne is well-known for its high quality of life, with its vibrant multicultural community, renowned arts scene and world famous food and wine, as well as Australia’s best shopping and leisure opportunities. 
Source : Foreign Property News, December 9, 2013 Close Window