What’s Next for the Perth Housing Market? Economic Insights from the HIA Chief Economist

What’s ahead for the Perth property market?… Will the market crash, and what challenges does housing and the construction industry face?

Today, Tim Reardon, HIA Chief Economist, explains how global economic shifts, energy prices, and population growth are shaping Perth’s property market. He also discusses how government policies and foreign investment are impacting housing, with Perth set for a new growth phase.

We explore how events like the war in Ukraine and energy market changes are influencing Australia's economy. Tim highlights Perth’s stability and predicts growth in house prices driven by rising demand from migration and job creation.

Tim also addresses challenges in the construction industry and strategies to meet housing demand.

Ready to dive deeper? Let’s go inside!

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Episode Highlights:

1. Intro [00:00]
2. Australian Economy and Geopolitical Dynamics [00:19]
3. Perth Housing Market Insights [00:27]
4. China's Economic Growth and Manufacturing Dynamics [04:57]
5. Impact of Geopolitical Dynamics on Energy Markets [06:02]
6. Western Australia's Economic and Housing Market Outlook [08:04]
7. Population Growth and Migration Trends [11:18]
8. Impact of State and Federal Government Policies [14:57]
9. Foreign Investment and Institutional Lending [20:27]
10. Interest Rates and Property Market Dynamics [32:00]
11. Labor Shortages and Building Costs [45:00]

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About the Guest:

The Chief Economist at the Housing Industry Association (HIA), Australia's peak national industry body representing the construction and development sector. He joined HIA in 2004 initially as Executive Director of Government Relations and later served as Executive Director of Tasmania before returning as Chief Economist in 2017. With a Bachelor's degree in Economics and a Master's in Public Policy from The Australian National University, Reardon brings extensive experience in economic analysis and industry policy. His role involves providing up-to-date national and state-level insights on the Australian building and construction sectors, particularly new builds and renovations, making his economic data highly valuable for business planning within the industry

Connect with Tim:

• LinkedIn: https://www.linkedin.com/in/tim-reardon-0492841a6/
• X: https://x.com/TimReardon2

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