Perth overtakes east coast to become Australia’s hottest capital city property market

Buyers and renters compete for limited stock as the Western Australian capital favours sellers and landlords, CoreLogic analysts say

The Australian property boom has shifted from east to west, with buyers and renters tussling for a limited number of Perth homes and creating a housing crisis for those left behind.

Perth has become the hottest selling market among state capitals, with homes listed for a median 11 days before being sold, according to CoreLogic data calculated for Guardian Australia.