340 - Housing & The Economy ft. Tim Reardon (HIA)

In this episode of the Perth Property Show, host Trent Fleskens welcomes back Tim Reardon, Chief Economist at the Housing Industry Association (HIA), to discuss the ongoing challenges and future outlook for the housing market in Perth and Australia. The conversation highlights the critical housing shortage, the impact of rising land prices, the failure of current policies to address infrastructure needs, and the consequential increase in home and rental prices. Reardon discusses the necessity for meaningful tax and policy reform to meet the housing demand, the shift towards renovation due to affordability constraints, and the expected slow growth in the apartment sector. The episode underscores the pressing issue that Perth is not building enough homes to meet demand and foresees a continued rise in housing costs.