Plan for growth with Victoria's future population and market insights
Released annually, Victoria in Future 2023 (VIF2023) is the official Victorian Government projection of the likely future growth of population and households to 2051.
It includes trends and projections across all of Victoria for
- birth rates
- life expectancy
- living arrangements
- migration.
It makes projections from 2011 to 2051 for Victoria and the major regions. For Local Government Areas (LGA) and smaller areas (VIFSAs), it only extends to 2036.
Projections are used by decision makers in government, business and the community to understand the growing and changing population.
Victoria's population highlights
- Victoria has been growing more than any other Australian state or territory, with the population expected to reach 10.3 million by 2051.
- Birth rates, life expectancy, migration and life expectancy are projected to increase.
- The number of households in Victoria is projected to increase to 4.18 million by 2051.
- The majority of change will be in Greater Melbourne, which is expected to grow to 8.04 million in 2051.
- Victoria’s regions are also expected to grow to 2.28 million by 2051, with the strongest growth in the 3 major regional centres.
- The regions of Barwon, Central Highlands and Gippsland are projected to account for nearly half of all regional growth.
FAQs
Population projections provide forward-looking insight into where people will live, work and spend. For investors, this helps identify emerging growth corridors, expanding consumer markets and future workforce supply. It also signals where demand for housing, infrastructure, services and commercial activity is likely to increase over time.
Most population growth is expected in Greater Melbourne, which is projected to reach around 8 million people by 2051, while regional Victoria is also forecast to grow to more than 2 million residents.
This growth creates investment opportunities across housing, infrastructure, services, logistics and new business precincts in both metropolitan and regional locations.
Population growth in Victoria is primarily driven by migration, natural population increase and rising life expectancy. Migration is expected to account for around two-thirds of population growth to 2051, supporting workforce expansion and long-term consumer demand.
