Summary
Greater Melbourne is one among the 16 GCCSA (Greater Capital City Statistical Area) and is the second most populous GCCSA in Australia. Greater Melbourne has a significant economic and financial influence, accounting for a major of national GDP. Improvements in financial and insurance services, professional, scientific and technical services, and information services are expected to be major drivers of growth.
Synopsis
“City Profile - Melbourne” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Melbourne. The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.
Scope
- The service sector remains the key contributor to the regional economy - and the major employer.
- Greater Melbourne is a key tourist destination for both domestic and international tourists and witnessed a significant growth in 2017. Strong performance is observed in the construction sector with increasing employment and number of building permits issued.
Reasons to buy
- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
- Analyze and understand the business environment in the city to align your investment and expansion strategies.
- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
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Table of Contents
City Snapshot 2
PEST Analysis 6
Political 6
Economic 7
Social 16
Technology and Infrastructure 21
Communications 21
Internal Transport Networks 21
Connectivity 22
Airports 23
Ports 24
Travel and Tourism 26
Tourism Flows 26
Hotels 28
Attractions 29
Events 30
Construction and Real Estate 31
Investment 31
Real Estate Market 32
Retail 33
Retail Market 33
Consumption, Income and Prices 33
Appendix 34
Sources 34
Further Reading 34
Ask the Analyst 34
About MarketLine 34
Disclaimer 34
List of Tables
Table 1: Melbourne metropolitan area - key facts (estimates), 2017 2
Table 2: Melbourne metropolitan area - real GDP growth, 2000-25 9
Table 3: Melbourne metropolitan area - economic growth comparison (Index 2010=100), 2000-25 11
Table 4: Melbourne metropolitan area - GDP per capita comparison, 2000-25 (US$) 13
Table 5: Melbourne metropolitan area - employment structure, 2000-25 (% of total) 15
Table 6: Melbourne metropolitan area - main universities, 2017 16
Table 7: Melbourne metropolitan area - population comparison, 2000-25 (million) 18
Table 8: Melbourne metropolitan area - population by age, 2000-25 (% of total) 20
Table 9: Melbourne city - mass transit network indicators, 2016 22
Table 10: Melbourne city - key airport indicators (2015-18) 23
Table 11: Melbourne city - Fortune Global 500 companies with main HQ in the city 25
Table 12: Melbourne city - Prime office rents, Q1 2018 25
Table 13: Victoria state - international overnight visitors by country of residence (2016-18) (‘000s) 27
Table 14: Melbourne metropolitan area - hotel indicators 28
Table 15: Melbourne metropolitan area - hotel key performance indicators (2017) 29
Table 16: Melbourne metropolitan area - MICE and other events 30
List of Figures
Figure 1: Melbourne metropolitan area - real GDP growth, 2000-25 8
Figure 2: Melbourne metropolitan area - economic growth comparison (Index 2010=100), 2000-25 10
Figure 3: Melbourne metropolitan area - GDP per capita comparison, 2000-25 12
Figure 4: Melbourne metropolitan area - employment structure, 2000-25 (% of total) 14
Figure 5: Melbourne metropolitan area - population comparison, 2000-25 17
Figure 6: Melbourne metropolitan area - population by age, 2000-25 (% of total) 19
