Perth property investment is experiencing renewed interest as regional Western Australia attracts the highest interstate migration rates in the country, according to a local buyer’s agent.
Data from removalists Muval shows regional WA recorded 127 people moving in for every 100 who left during 2024-25, making it Australia’s most popular migration destination. The Australian Capital Territory ranked second with 120 inbound for every 100 outbound residents.
Peter Gavalas (pictured) from Resolve Property Solutions said the regional population surge was creating economic benefits that extended to Perth’s property market.
“This influx into regional WA is creating a ripple effect that’s boosting infrastructure development and economic confidence in Perth,” Gavalas said. “As the rest of WA grows, there’s increased demand for goods, services, and housing – all of which support Perth’s property market.”
Despite regional WA’s boom, investors continue to favour Perth for its market stability and investment options.
“Investors value Perth because it offers more liquidity and a wider range of investment-grade properties,” Gavalas said. “The city provides options that balance capital growth potential with reliable rental yields, which appeals to those looking to minimise risk.”
Perth’s property market conditions reflect strong investor demand. Real Estate Institute of Western Australia data shows listings dropped to a record low of 2,981 in August. Properties are selling faster, with houses spending 10 days on the market and units taking nine days.
“In a tight market like this, it’s crucial for investors to be clear about their goals and to focus on the right suburbs,” Gavalas said.
Perth’s median dwelling value sits at $841,928, ranking sixth nationally and maintaining comparative affordability. The city also delivers the third-highest gross rental yield among capital cities at 4.2%.
Competition for quality investment properties is intensifying as more buyers target the same stock.
“We’re seeing more buyers chasing the same properties,” Gavalas said. “Having a clear strategy, understanding the fundamentals and acting decisively are all essential if you want to secure a profitable investment.”
With continued population growth and interstate migration supporting regional expansion, Perth’s property market is positioned to benefit from broader economic growth across Western Australia.
