Ep. 175 — Perth’s Housing Crunch: Why Cashflow-First Beats “Buy & Pray”

Perth’s market is still running hot — ultra‑low vacancies, record‑fast sales, and construction that can’t keep up. In this solo update, Neil breaks down the national and WA picture, explains why the old “buy and wait” playbook stalls your borrowing capacity, and lays out a cashflow‑first strategy with infill new builds and HMOs. If you’re priced out of established stock or stuck at the bank’s DTI ceiling, this episode shows a smarter path that matches today’s renter demand.

As discussed in the episode:

Australia’s population ended 2024 at ~27.4M (+445k, ~1.7%).
National vacancy ~0.8%; Perth/Adelaide pockets near 0.4%.
Projected national housing shortfall ~400k by 2029.
WA population +70k in 2024; Perth listings down ~42% YoY.
~900 weekly sales; ~2,869 listings (≈33% of stock turns weekly).
2024 completions ~20k; 24/25 ~22.6k vs 26–30k needed.

Big idea: build what tenants actually rent (singles/couples = 70–80% of market). Cashflow pays the bills; growth is the bonus.

Shout‑out: Massive thanks to Neil’s wife for guest‑hosting while he was travelling and… winning boxing matches 🥊

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