Ensure you never miss an issue of the
real estate business bulletin
Victoria's regional population to boom

Victoria's regional population to boom

by Staff Reporter 0 comments

Large regional towns like Geelong, Ballarat and Bendigo will see their populations swell in coming decades as more people move to the country, the Victorian government has predicted.

Latest population forecasts show 2.2 million people will live in regional Victoria by 2051, an increase of 57 per cent.

Planning minister Matthew Guy said more city dwellers were expected to opt for a country lifestyle in that period.

“Natural increases and a projected increase in residents moving from Melbourne to regional centres are expected to drive this boom,” he said.

According to government estimates, the largest increases will be seen in Greater Geelong, Ballarat and Bendigo.

These centres are expected to house approximately one third of Victoria’s regional population in the next four decades, Mr Guy said.

In addition, planning has commenced on a long-term project to house 35,000 new people in Wodonga.

Baw Baw and Latrobe are being targeted as “growth hotspots”, while major development has been planned for Warragul, Drouin, Shepparton and Warrnambool.

Victoria's regional population to boom
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?