There’s one thing every luxury home needs – a beautiful outlook. For many Western Australians this means catching a glimpse of the sea or basking in the trees and open spaces of homes outside of the city centre. According to CoreLogic RP Data, this trend is quite prominent in WA – more so than the rest of the country.
Sea change – what does it mean for WA?
Sea change (or tree change) is a uniquely Australian term used to describe a massive shift in lifestyle, usually from a city or suburban setting to a coastal (sea) or inland (tree) area. With so many suburbs in Perth that are on or near the water, it seems that locals don’t have to move far to upgrade their lifestyle.
While WA recorded the fastest growing population over the year to June 2014 according to Australian Bureau of Statistics figure, what CoreLogic RP Data noted most significantly was the concentration of this increase in certain suburbs. In fact, 13 of the top 25 fastest expanding council areas by population are in Western Australia.
What is quickly apparent to the observant eye is that WA also dominates the list of suburbs with the lowest rate of population growth – in other words, population decline. While the overall picture for the state is one of healthy growth (2.2 per cent, compared to the next best, Victoria, at 1.9 per cent), it could be that some council areas are falling out of favour whilst others flourish.
As Perthites and other WA residents work their way around the state, finding the best places to settle down and build their own custom home, Exclusive Residence will be there to help them make their dreams a reality.