To quote an article by the Victorian Chief Executive of the Urban Development Institute of Australia, the state government’s latest population forecast, Victoria in Future 2016, indicates Melbourne’s population is set to double within 15 years, with Melbourne’s inner and middle suburbs expected to grow by almost 1 million in that time. For investors looking at the southern capital, this is an important consideration. If Melbourne is to retain its standing as the world’s most liveable city, providing suitable housing options for that growing population is critical.
