‘Paying whatever it takes’: Prestige home prices jump 20pc a year in this city
International and east coast buyers are fueling a price boom in Perth’s most sought-after luxury coastal and riverside properties, with high-end values in the West Australian capital increasing more than five times faster than Sydney in the past year.
Only a few prestige properties in Perth’s affluent western suburbs become available each year and Space Real Estate’s Justin Davies says locals who made their fortune in the state’s resources sector are increasingly competing with buyers from out of town.
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