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Western Australia’s auditor-general is confident new measures to reduce the risk of fraudulent property sales are strong enough to prevent a repeat of recent scams where Nigerian-based fraudsters sold two Perth homes without the owners knowing.

Colin Murphy released his report into the regulation of the state’s more than 45,00 real estate agents and more than 800 settlement agents.

Over 9,300 sales representatives have also been registered or licensed.

Mr Murphy found the department had “sound” oversight in place for the real estate industry and the risk of direct financial loss for people buying or selling homes remained low.

In 2010, a man had his Karrinyup duplex sold for $485,000 by Nigerian-based scammers pretending to be him while he was living in Cape Town, South Africa.

A year later, a Ballajura home owner returned from overseas to discover their house had been sold for $400,000, again by criminals from Nigeria.

After that, new measures were put in place to reduce the risk, including stronger identity checks.

Anyone wanting to sell their home from overseas must also now present themselves to an Australian consular officer.

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