Supply Deep Dive - What the Latest Building Approval Stats Show

Today's episode delves into the recently released building approval stats for WA and how they compare with around Australia, focusing on their impact on Perth's property market amid our housing crisis. 

We'll look at how rising costs and labor shortages are affecting the number of new homes being built. I analyse the Federal government's ambitious plan to construct 1.2 million new homes over the next five years and if there is any supply increase in sight.

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/invest-in-perth-property/)
• Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/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/perth-property-management-specialists/)
• 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/selling-your-perth-property/)

Episode Highlights:

1. Intro [00:00]
2. Housing Crisis in Australia, With Decreasing Building Approvals and Increasing Costs. [02:22]
3. Housing Supply and Demand in Perth, Australia [4:34]

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:  https://www.youtube.com/@InvestorsedgeAu
• Like us on Facebook: https://www.facebook.com/investorsedge

See omnystudio.com/listener for privacy information.