Melbourne is set to become the nation’s most populated city by 2031-32.

Our city forecasts have been independently reviewed and we are confident Melbourne is set to deliver:

• $150 billion Gross Local Product by 2031, a massive increase from our record $104 billion economy in 2019.
• 600,000 jobs by 2031, an increase of more than 100,000 pre-pandemic.
• 270,000 residents by 2031, an increase of almost 100,000 from 2020.  

Invest Melbourne will help you to harness this prosperity, connect you with the right people at the right time, and achieve business success. 

Did you know?

• Melbourne is a multicultural city with over 40% of our population born overseas.
• Over 100 languages and major dialects are spoken in Melbourne.
• Victoria contributes nearly a quarter of Australia's economic activity while only being 3% of our country's land mass.
• Victoria has an over $580 billion economy and has achieved 2.59 percent average growth over the last 10 years.
• Many of Australia's most prestigious universities are based in Melbourne and over 50% of Victorians have a post-secondary degree.
• Victoria has a population of 6.98 million people, with 5.21 million in Melbourne.

Company testimonials

"The support that Lucas Group has received from Invest Melbourne, to bring our hospitality projects in the city to fruition, has given us confidence that Melbourne is the best place to invest."

Lucas Group

"We’re excited to share that Gaia Project Australia has been awarded with the Small Business Innovation Award. This accolade holds a special place in our growing collection of achievements. We extend our sincere gratitude to the City of Melbourne for their support. Their commitment to fostering innovation and facilitating strategic partnerships has been instrumental in helping Gaia to a leadership position in the global Agtech market."

Gaia Project

"I wanted to extend my sincere gratitude for your conscientious work and the invaluable assistance you've provided to Lightning Planet. Thanks for all your patience to help us. Additionally, we are grateful to the City of Melbourne for providing us with excellent platforms and opportunities to reach more people in Melbourne. Your dedication and the wealth of information you've shared have played a crucial role in enhancing our operations. Your conscientious efforts have not only helped us navigate challenges but have also instilled in us the confidence to confront the hurdles that lie ahead. Thank you once again for your outstanding contributions. We eagerly anticipate continued collaboration."

Lightning Planet

"We’re a small team, so we can’t do everything. Having support from organisations like Invest Melbourne is what accelerates our journey as a start-up. There is plenty of government support that we can access, but the help we’ve received from Invest Melbourne to navigate this has been fantastic. The team has been on a mission to help us, and we can’t thank them enough. Invest Melbourne has opened up several opportunities for us and we are seeing the fruits of this already. Having support like this, from people who care about and promote what you do, helps us a lot and makes all the difference."

Virtetic