Why invest in Victoria? The Place to Be … VIC lies in the south-east corner of Australia. It has a population of around 4.9 million. 3.5 million people live in Melbourne, the nation’s largest city after Sydney and state capital. The Economist Intelligence Unit ranks Melbourne number 1 as the “most livable city” in the world. 
Melbourne is an international city with a vibrant arts scene, a multicultural population, cosmopolitan cafes, restaurants and pubs, and world renowned sporting events. Melbourne’s property market has recorded solid price growth, with house and unit prices increasing by 10.2% per annum over the five years ending September 2004. Victoria produces almost a quarter of Australia’s total rural output and is home to most of Australia’s large mining and mineral processing companies. Tourism is a major industry employing some 9% of Victoria’s workforce and creating more than 600,000 international visitors and nearly 11 million domestic visitors each year. Education plays a prominent role in the State’s culture with 39% of graduating final-year secondary students going on to tertiary studies. The State has eight universities in Melbourne and country areas. Temperatures in Victoria vary widely but most of the State falls within the warm, temperate belt of the south-east corner of Australia, characterised by warm and dry summers and cool to mild, wet winters. Victoria’s public transport system consists of major roads and railways. Melbourne’s tramway network supplements as extensive electrified suburban rail network and bus services. Melbourne has the nation’s busiest general cargo port and largest container port in Australia. Eight domestic airline and 30 international airlines provide regular services into Melbourne’s international airport.
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