Melbourne's population growth set to continue
Melbourne is expected to grow by another 2.5 million people by 2050 taking the total population from 4 million to 6.5 million people.
Plan Melbourne has been labelled as the Victorian Government’s strategy to accommodate this population growth with suggestions around the use of land, transport, amenity, community and development.
The document the government has released discusses how urban sprawl will be tackled and how to provide commuters in these new suburbs access to amenities with a renewed focus on the transport system.
Population growth and investment in infrastructure are two key factors in promoting future house price growth which makes this positive news for those investing in Melbourne.
The Victorian Government’s 2050 vision is for Melbourne to become a global city of opportunity and choice.
Published on 16th of January 2014 by Marty Stanowich