Victoria Overview Report

Product Description

Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales to the north, South Australia to the west, and Tasmania to the south, on Boundary Islet. Victoria is Australia’s most densely populated state, and has a highly centralised population, with almost 75% of Victorians living in Melbourne, the state capital and largest city. The state of Victoria is the second largest economy in Australia after New South Wales, accounting for a quarter of the nation’s gross domestic product. Victoria is a strong, flexible economy that is going places. It’s never been a better time to invest here. Victoria accounts for only 3% of Australia’s land mass, yet is responsible for 24% of Australia’s economic activity. Its economy is bigger than that of Singapore, Hong Kong and New Zealand. With 5.5 million inhabitants, it’s the nation’s most densely populated state. The capital, Melbourne, is a cosmopolitan, globalised city of 4 million people. Melbourne is one of the world’s most liveable cities and consistently attracts premier international events, from conferences to sporting events. Consistently rated as one of the world’s three most liveable cities by the Economist Intelligence Unit, Melbourne’s quality of life is the envy of the world. Melbourne has a vibrant multicultural community, outstanding arts, food and wine, Australia’s best shopping, and diverse sporting and leisure opportunities. In 2010, Melbourne was named the world’s Ultimate Sports City, ahead of Singapore, London, Berlin and Sydney for the third consecutive time.Melbourne’s population is growing at a fast pace and will be home to an estimated 5 million people by 2030. Melbourne at 5 million builds on the foundations of the Melbourne 2030 plan to create a refined settlement structure for the city.