Shellabears Blog

WA Population Surges Past 3 Million – What It Means for Property Owners and Buyers

Western Australia has just passed a major milestone, over 3 million people now call WA home, making it the fastest-growing state in the country, according to the latest ABS (Australian Bureau of Statistics) data.

While states like New South Wales lost more than 112,000 residents interstate and Tasmania experienced a population decline, WA surged ahead with a growth rate of 2.4% in 2024. This growth reflects a broader national trend, with 445,900 people added to Australia’s population, now sitting at 27.4 million.

Much of the increase came from net overseas migration (340,800 people), but the state also saw a healthy natural increase in population, with more births than deaths across the year.

What This Means for the Property Market:

For those interested in the local property market, this surge in population has major implications. With more people moving to WA, demand for housing, whether for rent or sale. is on the rise. Areas that were once underdeveloped are now prime for investment, with new developments helping to accommodate the growing number of residents.

At Shellabears, we’ve seen firsthand how this increase in population is shaping the real estate landscape. Whether you’re buying, selling, or investing, there’s never been a better time to tap into WA’s growing market.

Why It Matters for You:

Sellers: Now is a smart time to prepare your home for market. With demand on the rise, your property could attract more buyers and premium prices.
Buyers: Get in early. Population growth typically precedes price growth, especially in well-connected, high-demand areas like Cottesloe, Swanbourne and Claremont.
Investors: Perth rental yields remain strong and vacancy rates are low making this growth trend even more appealing.

Looking to take advantage of the momentum?
Contact Chris Shellabear at Shellabears Real Estate for expert local advice.
📞 0418 910 065
chris@shellabears.com.au