Melbourne isn’t just growing, the latest data shows it’s being reshaped.

Melbourne growth and property market

According to recently released ABS data (September 2025), Australia’s population reached 27.7 million, growing by 423,600 people (1.6%) over the year. Victoria recorded the largest population increase of any state, adding around 122,000 people (1.7%), ahead of Queensland (~108,000) and New South Wales (~106,000) — reinforcing Melbourne’s role as a primary destination for population growth.

The Numbers Behind the Growth

27.7M Australia’s population (ABS, September 2025), up 423,600 people (1.6%) over the year
~122,000 Victoria’s population increase (1.7%) — the largest of any state, ahead of QLD (~108,000) and NSW (~106,000)
28.0M Australia’s forecast population by 2025–26, per the Centre for Population
~9.1M Melbourne’s projected population by 2065–66

Depending on how city boundaries are defined, Melbourne has already overtaken Sydney as Australia’s largest city — while on others, that shift is still projected ahead.

8.0M Metro Melbourne’s projected population by 2051, per Victoria in Future (Victorian Government)
~1.3M Additional dwellings required from 2023 to meet projected demand

What This Means for Buyers

For property buyers — whether owner occupiers or investors — the opportunity lies in understanding the broader growth trends across the metropolitan area and a range of locations, while also staying ahead of Victoria’s policy development and strategic direction.

New policy settings point to just some of the areas where additional housing, investment and opportunities are likely to be supported over time.

Mid-Rise Code Activity Centre Program

Atlas Real Estate helping you position across Melbourne and Victoria’s next phase of growth.

Get In Touch With Us Today

Have questions? Contact Atlas Real Estate today for expert assistance with all your real estate needs. We’re here to help!

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