WA Property News
Perth is witnessing a remarkable period of growth, driven by a significant influx of residents and a subsequent rise in property prices.
Fuelled by Australia’s strongest state economy and the attractions of a major modern city, including new rail and road infrastructure, it’s easy to see why more families are moving west to take advantage of Perth’s fantastic lifestyle and employment opportunities.
Perth’s Population Surge
According to Australian Bureau of Statistics (ABS) data, in March 2023, Perth’s population reached an unprecedented 2.855 million, marking the most rapid growth nationally. Concurrently, the rental market tightened further, exhibiting a historic low in vacancy rates.
This growth comes on top of existing high levels of inbound migration. Western Australia experienced a population growth rate of 2.3% in 2022, surpassing the...
