Savvy eastern state investors are heading west and outbidding local buyers to snap up hundreds of low-cost Perth homes. Skyrocketing rents have led to growing demand for properties in the city's southeast over the past two years, the Real Estate Institute of Western Australia says. "They are targeting the cheapest suburbs where they have the highest rents," president Joe White told AAP. "It's purely driven by return on investment." Realtor Marcus Blake pivoted his business from predominantly selling to locals to exclusively dealing with interstate buyers because of the surge. "The demand is through the roof," he said. "What they're…
