NEWS

Net migration to Victoria continues to soar

Victoria attracts more migrants than any other state, according to Australian Bureau of Statistics' latest migration figures

Victoria continues to attract more migrants than any other state in the country, according to the Australian Bureau of Statistics' latest migration figures.

In the year to September 2016, a total of 85,798 new migrants moved to Victoria, consisting of 68,613 overseas migrants and a record 17,185 interstate migrants.

Overseas migrants continue to be attracted by Melbourne’s reputation as the world’s most liveable city, as well as its excellent education facilities and employment opportunities.

Victoria continues to set records when it comes to attracting interstate migrants.

The state has now attracted the most interstate migrants in the country for four years running, a significant achievement when considering that in the early to mid 2000s, the state consistently saw annual net losses of migrants to other states.

Victoria's robust health, education and services industry employment sectors, as well as the relative affordability of its housing and commercial property markets when compared to New South Wales, are believed to be attracting interstate migrants to Victoria.

Strong migration levels continue to support the state's employment markets. During the next five years, white collar employment in Melbourne is expected to grow by 2.1 per cent per annum – or 182,000 people – again, the strongest outlook in the country.

Even when making conservative take-up estimates, this equates to about 360,000sqm of commercial property demanded in Melbourne every year for the next five years, supporting demand for future metro and CBD office developments, and continued rental growth.

Colliers International Australian Bureau Statistics migration figures research Victoria population

- An observation by Anneke Thompson, Colliers International's national director of research, based on ABS figures released in March.

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