Buyers keen to secure their dream home site have been camping out from Tuesday at Eden Green estate in Hammond Park ahead of a release of 29 lots tomorrow.
It is the first land release at the southern suburb estate since last year and the first camp-out of buyers in more than two years.
Seven couples had secured a "camping spot" yesterday in the sales office after the sales manager opened it so they had shelter, a fridge, a place to sleep and toilet facilities.
They are keen to snap up lots ranging from 448-698sqm, with prices starting at $279,900.
Deanne Palin, 25, and fiance Brad North, 29, were the second couple to arrive and have their hearts set on a 448sqm block.
"The estate appealed to us because it is close to the freeway and it's a nice community area," Miss Palin said.
Richard Noble and Company managing director Alex Gregg said Eden Green was a high quality estate in an established area.
"The camp-out is a positive sign of recent improvement in the market," he said yesterday.
Stockland's Corimbia Estate in Landsdale has also been attracting campers, with just one titled block left in its northern precinct.
"We expect to see strong inquiry across all of our WA communities in the coming months with the recent launch of our national reality cheque offer, where buyers of selected house and land packages receive $10,000 on settlement to spend as they wish," Stockland WA general manager residential Col Dutton said.
A Reserve Bank report warned yesterday that Perth land prices could rise sharply as the city battled geographical and infrastructure limitations in building new suburbs.It found cheap land to develop into housing was being held back by market gardeners and people who wanted to hold on to big blocks on the city's fringe.
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