Is the Perth Building Bottleneck Any Closer To Being Fixed?

Today, I deep dive into Perth's building industry bottleneck and how it’s impacting housing costs and prices of established properties. Since my last update, high population growth has only increased demand, with around 25,000 new homes needed each year to keep up! We'll look into the hurdles facing the building sector, like rising construction costs, project delays, and land price increases. With even more builders recently going bust, building a new home is getting pricier, and consumer confidence is taking a hit, pushing affordability even further out of reach. As difficult as this is for home buyers, it's all adding up to giving me even greater confidence that established prices will continue to rise. Let’s go inside. Resource Links: • Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property (https://www.investorsedge.com.au/inve...) • Join the Perth Property Investment Facebook Group (  / perthpropertyinvestors  ) • Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join) • For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/pert...) • For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/sell...) Episode Highlights: • Intro [00:00] • Building Bottleneck and Its Impact on Property Prices [00:52] • Demand and Population Growth [01:36] • Supply and Commencements [04:04] • Construction Delays and Industry Challenges [05:45] • Cost of Building and Land Prices [08:36] • Impact on Affordability and Market Outlook [13:50] Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast. Connect with Perth Property Insider: • Subscribe on YouTube:    / @investorsedgeau   • Like us on Facebook:   / investorsedge