Victoria

Peter Martin

Peter Martin is the economics editor for The Age, based at Parliament House

If property prices turn down sharply and stay down, Mr Pallas might find he doesn't have the money he thinks he will have.

Pallas redoubles bets on economic growth

Blessed with the highest population growth and the fastest property price growth in the nation, as well as the fastest economic growth this side of Darwin, Tim Pallas has decided to double down.

Melbourne is clearly  Australia's fastest-growing city and will overtake Sydney as the nation's largest by 2056.

Melbourne booms as locals leave Sydney

Melbourne has consolidated its position as Australia's fastest-growing city, gaining an extra 95,600 residents in a year in which Sydney gained only 84,200.