Urban Infill, Intergenerational Wealth, and the Future of WA Property with James Limnios

James Limnios is the CEO and Managing Director Limnios Property Group. James shares the story of how his parents founded the business in 1969, starting from a fish and chip shop. The discussion covers James's journey, returning to the family business after running a project management firm, and the evolution of the group's services to include leasing, property development, and retirement living. The main focus is the urgent need for a shift in Western Australia's housing strategy, with James discussing urban infill over costly greenfield expansion. The conversation concludes with a look at high debt levels, generational differences in lifestyle priorities, and James's enduring advice for first-time buyers: "Buy the worst property on the best street" James Limnios - https://www.linkedin.com/in/jameslimnios  Limnios Property Group - https://limnios.com.au/   If you enjoyed the podcast, please subscribe, share, follow and review!  Follow Pasquale Princi 🌐 LinkedIn: ⁠https://www.linkedin.com/in/pasqualeprinci/⁠  TikTok: ⁠https://www.tiktok.com/@itsallaboutthegrey⁠  Instagram: ⁠https://www.instagram.com/itsallaboutthegrey⁠ Timestamps:00:50 The Founding Story 3:22 James's Journey: Entering the Business, the Recession, and His Commitment to Education 6:40 The Evolution of Limnios Property 14:04 The Case for Urban Infill: Why Expanding Out is More Costly than Developing In 21:26 Activating Perth: Solving the CBD's "Ghost Town" Feel with Increased Density 26:50 Policy Solutions: Light Rail, Expanded Ferries, and Creating Micro-Apartments 32:15 Risk in Lending: Why Reducing Deposit Schemes to 2% is a Dangerous Policy 35:28 Generational Shifts 42:10 Where to Still Find Value in the Perth Market Recorded and Produced by Podwave Studios: ⁠⁠https://podwavestudios.au