Why Perth Property Prices Keep Rising While the Rest of Australia Falls

Perth property prices are still climbing nearly 24% in the past year while Sydney and Melbourne drag the national market down for a third straight month. In this mini episode, Michael breaks down the real reason Perth keeps defying the trend, and it's not what you'd expect.🔔 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---------------------------------In this episode:Why Perth prices keep rising while the rest of Australia fallsThe real story behind Perth's growth: supply, not demandWhy building approvals are up but home starts are fallingThree reasons the construction pipeline is jammedWhy apartment approvals fell nearly 30%How jobs, economic growth and oil prices feed into housing costsWhat Ray White's chief economist says about clashing rate and housing policyWhy sitting in cash could be costing you more than you thinkThe inflation mindset shift for building long term wealth---------------------------------Timecodes: (00:00) Perth vs the falling national market(00:38) Four things you'll learn today(01:11) Cotality figures: Sydney, Melbourne, Perth compared(01:47) The real story is supply, not demand(02:07) Building approvals hit a high, but there's a trap(02:42) Approvals vs starts: the pipeline flips(02:58) Three reasons the pipeline is jammed(03:32) Apartment approvals fall almost 30%(03:43) Nerida Conisbee on clashing rate and housing policy(04:29) Jobs, growth and oil: the wider economy(05:19) What this means for buyers, upgraders and owners(05:47) Michael's take: cash vs debt in an inflationary world(06:59) The inflation mandate explained(07:46) Quick recap(08:22) Subscribe and see you TuesdaySubscribe: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/mortgageswmichaelLinkedIn: https://www.linkedin.com/in/michaelkillinerTikTok: https://www.tiktok.com/@backyardpropertypodcastTusk Finance: [email protected] by Podwave Studios: https://www.podwavestudios.au#PerthProperty #PerthPropertyMarket #PropertyInvesting #AustralianPropertyMarket #RealEstateAustralia #PropertyInvestment #HousingSupply #ConstructionCosts #InterestRates #RBA #Inflation #WealthBuilding #PropertyPrices #BuildingApprovals #PerthRealEstate #AustralianEconomy #MortgageBroker #TuskFinance #ThatBackyardPropertyPodcast #PropertyPodcast