Perth’s real estate boom is being driven by East Coast investors who have no plans to relocate to Western Australia; one settlement agency claims to have never seen such high interstate buyer interest.According to data released this week, home values in the Armadale neighborhood of southeast Perth increased by 25% in 2023—the largest yearly gain in Australia. According to local real estate agent Grant Wilson, over 70% of potential purchasers in the area came from Australia’s east coast. According to Anne Meiklejohn, a licensee of BAFC Settlements, the practice started only a year ago. There used to be a very small number of investors looking for chances here.In Sydney, the average property price was $1,128,322 last year, according to CoreLogic data released this week.