Christie’s International Real Estate Launches in Western Australia and South Australia

Widely considered safe havens for future investment with potential for substantive financial growth, Western Australia and South Australia have seen a steady stream of interest from luxury buyers since the end of the pandemic. But while interest in the region has grown, the local brokerage industry remains largely provincial, making Christie’s International Real Estate an important addition to the market, according to Scorer. 

 

“For decades, the real estate audience in Western Australia and South Australia was insular, with little, if any, connection to the international marketplace,” Scorer explains. “But with growing interest from international buyers since the pandemic, the market needs the bespoke service, world-class marketing and international network that only Christie’s International Real Estate can provide.” 

 

“Our partnership with Christie’s International Real Estate effectively makes us part of a global team, a true connection to the world market from what we call the ‘land down under,’” she adds. “Now, we are able to deliver the highest level of service and make the buying process for our clients as seamless as possible, no matter where they live in the world.” 

 

The largest state by land area in the country, Western Australia enjoys a strong residential market with consistent growth that outperforms other Australian states. More than 80 percent of the state’s population resides in the capital city of Perth, in the continent’s southwest corner. Widely considered one of the most livable cities in the world, Perth offers a temperate climate, beautiful beaches and world-class healthcare and education. 

 

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Prices for single-family residences in and around Perth range from AU$1.5 million to AU$30 million, with some of the most sought-after luxury real estate located in the city’s western suburbs, including Cottesloe and Peppermint Grove. In this area, locally known as the “Golden Triangle,” homes typically sell for around AU$3 million to AU$4 million, and buyers can find a wide variety of inventory from luxury penthouses on the Swan River to beachfront single-family homes. 

 

South Australia is also known for its natural beauty and breathtaking scenery. Its capital city of Adelaide, which Architectural Digest recently named one of the 20 Most Beautiful Cities in the World, is home to more than three-quarters of South Australia’s residents, who enjoy a thriving economy, numerous cultural festivals, and ample green space.  

 

Adelaide’s relative affordability and strong growth potential have resulted in a sizable population spike and rise in home prices in just the last five years. Despite this, median prices for homes in the Adelaide metro are about half that of Melbourne and Brisbane’s top suburbs, and around one-third that of Sydney. Luxury properties in Adelaide’s central business district run from AU$1-3 million, while luxury penthouses can command up to AU$10 million.  

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