Australia's population has officially surpassed 27 million, reaching 27.1 million by March 31, 2024, with a growth rate of 2.3% over the past year, primarily driven by overseas migration which accounted for 83% of this increase. The Australian Bureau of Statistics (ABS) reported a net overseas migration of 509,800, down from a peak of 559,900 in September 2023, while the natural increase (births minus deaths) contributed 105,500. Western Australia led growth at 3.1%, followed by Victoria at 2.7% and Queensland at 2.5%, while Tasmania recorded the slowest growth at just 0.4%. The ABS projects that Australia's population could reach 30 million by 2033. Political responses include the Albanese government's plans to reduce migration numbers, although these measures have yet to impact current statistics. The rapid population growth highlights ongoing challenges, including housing shortages in the most affected states.