Perth property sales soar to highest level in seven years

PHOTO: Established home sales in Perth have soared over the past three months to near 2013 levels.(ABC News: Eliza Laschon)

Perth housing sales have surged to their highest level since the city’s last property boom seven years ago, partly due to a tightening of supply and buyers flocking to the COVID-19 “safe haven” of Western Australia.

In the three months to November, established home sales in Perth were 29 per cent higher than in the same period last year, according to data from the Real Estate Institute of WA (REIWA).

It was the largest volume of sales over that period since the city’s last property boom in 2013.

“I haven’t seen anything like it in years,” said real estate agent Chelsey Grant, who sells homes in Perth’s southern suburbs.

“In the last couple of months, our sales have doubled.

“We’re getting a lot more buyers through and multiple offers on each property as well.”

Ms Grant said much of the demand was driven by people returning to Perth after living interstate or overseas.

“Most people are seeing Perth as a safe haven,” she said.

“Obviously with COVID we’ve been very lucky here, so we have got a lot of people coming back from the eastern states, coming back from overseas, and they’re all looking to buy property in Perth.”