The population and housing forecast for the Melbourne Inner region

SA4s in region:

  • Melbourne Inner
Published: May 2024
Version: 5.1.0

Read forecast analysis and insights for the Parramatta region from Australia's largest independent population forecasting team.

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Read the insights and analysis behind our population and dwellings forecasts for the Parramatta region.

About the Melbourne Inner region

The Melbourne Inner region comprises a single SA4, Melbourne Inner. This region is forecast to provide 12.9% of Victoria's population growth between 2021 and 2046.

The Melbourne Inner SA4 contains the key urban centre of the Melbourne CBD, as well as the urban regeneration projects at Fisherman's Bend, Ardern /Macauley, Southbank and Docklands. The region will also contain all five stations of the soon to be opened Metro Tunnel train project (Ardern, Parkville, State Library [CBD North], Town Hall [CBD South] and ANZAC).

The Melbourne Inner region additionally contains the whole of the Cities of Melbourne, Port Phillip and Yarra, as well as parts of the cities of Stonnington, Darebin, Merri-bek and Moonee Valley. Notable features of the region include the Central Melbourne CBD and port areas, the inner seaside suburb of St Kilda, the University and health/medical precinct in Carlton and Parkville, and the inner urban centres of Fitzroy, Collingwood, Brunswick, Flemington/Kensington and Moonee Ponds. 

Key findings

Melbourne Inner

Over the forecast period, the Melbourne Inner SA4 is set to grow from 633,500 people in 2021 to around 1,045,000 in 2046, a growth of 65% in the period. Growth in the SA4 is dominated by industrial transformation in Port Melbourne Industrial (Fisherman's Bend) (+40, 500) and North Melbourne / Kensington SA2s (Ardern / Macauley) (+36, 278) and the continuing redevelopment of Docklands, and Southbank (West) - South Wharf, Southbank - East.

Other urban intensification areas include St Kilda Road, St Kilda, Brunswick, Coburg, Moonee Ponds and the CBD and North Melbourne. In addition to general mid-scale intensification along growth corridors in these areas, there are individual projects, such as the Moonee Valley racecourse redevelopment, the Pentridge Gaol redevelopment and the Brunswick Village development that contribute significantly to the increase in housing and population. 

In contrast, a number of SA2's outside designated growth areas are not predicted to grow as significantly e.g. Elwood, Carlton - North Princess Hill, Port Melbourne, Parkville. 

The demographic dynamics in the SA4 vary considerably over the forecast period, as the inner city areas recover from COVID with the return of students and short term residents, and the return of vacancy rates to pre-pandemic levels.  In the mid- to long-term, the increase in net overseas migration will favor growth for these inner city areas. 

What share of Australia's growth will occur in Victoria?

Read our forecast results and analysis for Victoria on the resources page. Watch the webinar recap or see a summary slide pack to learn what's driving growth in Australia, and each region of the state.

Slide from our webinar presentation The population forecast for Victoria. 

Forecast results

The following forecast information presents the combined numbers for the Melbourne Inner SA4.

Learn more about the different options to access these forecasts for Local Government Areas (LGAs), suburbs, custom catchments or the entire state or nation here.

  2021 2026 2031 2036 2041 2046
Forecast Population 626,913 705,521 786,096 867,515 953,609 1,044,895
Change (five year) - 78,850 79,574 81,489 86,094 91286
Average Annual Change (%) - 2.39% 2.16% 1.99% 1.91% 1.85%
Forecast Dwellings 358,846 380,679 416,788 463,339 515,692 571,515
Change (five year) - 22,115 36,108 46,550 52,353 55,823
Average Annual Change (%) - 1.20% 1.83% 2.14% 2.16% 2.08%

 

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Commentary and analysis from our specialist forecasters.

Johnny Barnard

Johnny Barnard

Principal forecaster
Liza Ivanova

Liza Ivanova

Population forecaster
Richard Thornton

Richard Thornton

Population forecaster
Chris_Jones

Chris Jones

Population forecaster
Oliver Bowering

Oliver Bowering

Population forecaster
john-o

John O'Leary

Forecast modelling