
#172 - 145,000 Homes Short: The Number First-Home Buyers Should Be Watching
Could right now actually be the window first-home buyers have been waiting for? Australia has fallen around 145,000 homes short of estimated housing demand over the past three years. Yet with affordability stretched, buyers nervous and uncertainty around property prices, plenty of people are sitting on their hands waiting for the market to feel safer. But what if that uncertainty is precisely what creates the opportunity? This episode isn’t a prediction that property prices are about to rise. Nobody has a crystal ball. Instead, Tom looks beyond the headlines at the fundamentals shaping Australian housing: population growth, housing supply, construction costs and why fixing the imbalance between the number of homes we need and the number we’re actually building is far more difficult than it sounds. More importantly, he explains why your first home doesn’t need to be your forever home. For some buyers, the smarter strategy may be to use this period of reduced competition to secure the right first property — and use it as a springboard towards the home they ultimately want. IN THIS EPISODE, YOU’LL LEARN: • Why Australia has fallen around 145,000 homes short of estimated housing demand over the past three years • Why weaker buyer sentiment doesn’t necessarily mean the underlying housing fundamentals have changed • Why nobody can reliably predict where property prices go next — and why you don’t need to • The risk first-home buyers often overlook when deciding to “wait and see” • Why location and the quality and scarcity of the underlying land can matter more than buying the prettiest house • How buying an older property with the right fundamentals can create opportunities to manufacture equity through sensible improvements • How your first home can become a strategic springboard towards the home you really want Take Action Today: If you are serious about building wealth through property, but not yet fully clear on your next move, book a complimentary clarity call with our team via the link below. In one conversation, we can help you get clearer on your position, your options, and the path forward — because clarity creates confidence, and confidence helps people act. Book a complimentary clarity call Connect with host of The Australian Property Show - Tom Haigh We'll help analyse your current position, identify your biggest untapped opportunities, and get you moving towards the life you want. General Advice Warning! The information (including taxation) contained in this podcast is general in nature and does not consider your individual financial circumstances or needs. You should not act on the information provided without first obtaining professional advice specific to your circumstances. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. The views expressed in this podcast are solely those of the individual; they are not reflective or indicative of Groundswell Property's position and are not to be attributed to Groundswell Property Pty Ltd. The host is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. This podcast cannot be reproduced in any form without the express written consent of Groundswell Property.
