Victoria's population growth has surged to more than 100,000 a year for the first time since 2009, as net overseas migration hit a 4 year high. The bureau of statistics estimates that the states population grew by 102,000 in the year to March. It is by far the biggest growth of any state.
Melbourne is on track to rise to 4.5 million by 2015 prompting reason to consider the shortage of supply and the impact of property investment. Melbourne Property Investments research suburbs with potential growth.