Ep. 76 - Making Sense of WA's Housing Market: Data, Trends and Forecasts

Help Shape The HMO Property Show! Tell us what you love, what you'd change, and what topics you want next. Take our quick survey here: https://wkf.ms/419QNLa In this episode, Neil Gibb shares the latest housing affordability reports and data on the state of Western Australia's property market. He analyzes trends in population growth, housing completions, rental vacancy rates and more to understand why affordability has reached record lows. Some of the key areas covered include analyzing housing affordability reports from REIA and other sources to see how WA compares nationally. Neil also looks at stats on population growth, net overseas migration, and how few new homes are being completed each year relative to demand. The current rental vacancy rate of under 1% in Perth is discussed, along with how this is the lowest in the country. With 87,000 new residents last year and only 13,000 new homes completed, it's clear why the supply shortage exists. Interest rates rises and their impact on affordability are examined. Neil shares that WA households still only need to spend 36.7% of their income on housing costs compared to over 50% in some other states. The opportunity that HMOs provide for affordable rental accommodation is highlighted. With many essential workers now priced out of the private market, HMOs help fill an important gap. In summary, this detailed data breakdown shows why WA's housing issues will take years rather than months to resolve, and the role property investors can play in providing much-needed supply. Key areas: Latest housing affordability reports Population growth vs new home completions Record low rental vacancy rates Impact of interest rates on affordability Opportunity for HMOs For more information, visit For those that prefer to watch you can also catch us on YouTube. Want help with your investment strategy? Reach out to us for a free, no-obligation initial chat with our team and see how we can help you with your investment journey. Book Now Join the Perth HMO and NDIS High Cashflow Investment Properties Facebook Group.   The HMO Property CoWebsite: www.thehmopropertyco.com Instagram: @the_hmo_property_co FaceBook: The HMO Property Co LinkedIn: The HMO Property Co YouTube: The HMO Property Co TikTok: thehmopropertyco_ Spotify: The HMO Property Show Apple Podcast: The HMO Property Show Living Rooms - https://livingrooms.com.au/ Disclaimer Nothing on this channel should be considered tax, financial, investment or any kind of advice. Everyone should do their own due diligence as only a professional diagnosis of your specific situation can determine which strategies are right for your situation. Our goal is to frequently feature edgy and actionable value, thought leadership and property/investment strategies.