Melbourne is now Australia’s fastest growing capital city on the eastern seaboard according to the latest release from the Australian Bureau of Statistics. Population is growing at around 20 per cent higher than Sydney and Brisbane due to Melbourne’s competitive supply of land and apartments. Net overseas migration (NOM) was the main contributor to Victoria’s population growth, accounting for 57 per cent of the states’ growth. Plan Melbourne plus major infrastructure projects like the East West Link will keep Victoria in front of the pack in years to come. Lower office and industrial rents also provide a competitive environment that facilitates new investment for the production of goods and the provision of a range of high-value services. Macroplan’s Executive Chairman, Brian Haratsis said, ‘ inevitably Melbourne’s supply and price advantage will focus economic growth in Victoria’.
MacroPlan Dimasi’s experienced and qualified economists align their understanding of macro-economic forces with micro-economic variables such as geographic and industrial characteristics, demographics, labour market shifts, resource demand and commercial realities. Contact Brian Haratsis, Executive Chairman today to discuss your property research requirements.