Since the mid-1990s, Melbourne has maintained significant population and employment growth. There has been substantial international investment in the city’s industries and property market. Major inner-city urban renewal has occurred in areas such as Southbank, Port Melbourne, Melbourne Docklands and more recently, South Wharf. According to the Australian Bureau of Statistics, Melbourne sustained the highest population increase and economic growth rate of any Australian capital city. These factors have led to population growth and further suburban expansion through the 2000s.
Melbourne is experiencing high population growth, generating high demand for housing. This housing boom has increased house prices and rents, as well as the availability of all types of housing. Subdivision regularly occurs in the outer areas of Melbourne, with numerous developers offering house and land packages. However, after 10 years of planning policies to encourage medium-density and high-density development in existing areas with greater access to public transport and other services, Melbourne’s middle and outer ring suburbs are seeing significant brownfields redevelopment.
Melbourne is also an important financial centre. Two of the big four banks, NAB and ANZ, are headquartered in Melbourne. Melbourne has a highly diversified economy with particular strengths in finance, manufacturing, research, IT, education, logistics, transportation and tourism. Melbourne is headquarters for many of Australia’s largest corporations. Its a good time to invest in Australia