Australia's Housing Crisis Is Worse Than You Think

Australia's government promised 1.2 million homes by 2029 — but the industry tasked with building them is breaking down. In this mini episode, Michael breaks down why the housing target is already falling behind, what's driving builder insolvencies at record rates, and what it all means for buyers, investors, and tradies on the ground.🔔 Subscribe & leave a comment with your questions — we build episodes around what YOU want to know.General advice only and not personal advice. CRN 485467--------------------------------------Subscribe: https://www.youtube.com/@ThatBackyardPropertyPodcastInstagram: https://www.instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==Website: https://tuskfinance.com.auConnect with Michael: Facebook: https://www.facebook.com/tuskfinancemkInstagram: https://www.instagram.com/mortgageswmichael LinkedIn: https://www.linkedin.com/in/michaelkillinerTikTok: https://www.tiktok.com/@backyardpropertypodcastTusk Finance: broker@tuskfinance.com.au--------------------------------------Chapters:(00:00) Introduction & the 1.2 million home promise(00:30) The reality — 172,000 homes built vs. 240,000 needed(01:30) How far behind are we? The numbers by state(02:00) Builder insolvencies — the worst in any Australian industry(02:30) Rising construction costs & the impact of the Middle East conflict(03:15) Regulatory costs — $320,000 per home before a brick is laid(03:45) The trades shortage — 17,000 electricians short by 2030(04:15) What this means if you're building, buying, or investing(05:15) The National Construction Code — 8x its original length(06:00) What the HIA and Master Builders are calling for(07:00) The two things the government must do simultaneously(08:00) Fixed price vs. cost plus contracts — the lending problem(08:30) Why you should speak to a broker before building(09:00) Wrap upProduced by ⁠⁠⁠⁠⁠⁠⁠⁠Podwave Studios⁠⁠⁠⁠⁠⁠⁠: https://www.podwavestudios.au #ThatBackyardPropertyPod #PerthPropertyMarket #MichaelKilliner #PerthRealEstate #WAProperty #PropertyInvesting #MarketAnalysis #PerthHousing #RealEstateAustralia #WealthCreation #PerthGrowth #Jolimont #Vash #HousingSupply #RentalCrisis #InvestingInPerth #PropertyData2026 #WestAustralia #SuburbanGrowth #PerthInvestment