Show Notes
Michael Killiner sits down with Michael McGowan, Executive Director of Housing Industry Association of WA, for one of the most in-depth conversations we've had on what's really driving Perth's housing crisis.
With 50,000 to 60,000 new residents arriving in WA every year and only around 20,000 homes being completed, the supply gap is real, structural, and widening. Michael McGowan unpacks the full picture: land supply constraints, the skilled trades shortage, the COVID HomeBuilder grant legacy, and why changes to CGT and negative gearing have drained investor confidence at exactly the wrong time.
They also dig into WA's R Codes reform, what R20 upzoning means for property owners and investors across Perth's middle ring, and why stamp duty remains one of the biggest hidden barriers to housing mobility in Australia.
Essential listening for builders, buyers, and investors who want to understand what's really happening in the WA property market.
🔔 Subscribe and leave a comment with your questions -- we build episodes around what YOU want to know.
General advice only and not personal advice. CRN 485467
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In this episode: • Perth is receiving 50,000–60,000 new residents per year but only completing around 20,000 homes annually. The supply gap is structural and severe. • WA's skilled labour shortage is acute: only 4,500 of 9,000 annual construction apprentices are in building trades. Skilled migration from South East Asia, Europe, the UK and South Africa is now critical. • Changes to CGT and negative gearing have damaged investor confidence and constrained rental supply at exactly the wrong time. HIA WA advocates for reversal. • WA's R Codes reform will upzone R20 land across Perth's 5–20km ring, opening up areas like Vic Park, Mount Lawley and Belmont for density. • Stamp duty is one of the biggest barriers to housing mobility, particularly for older Australians wanting to downsize. • Building a home in WA carries approximately 35% in fees and charges. Modular construction (currently 5–8% of WA volume) and GST reform on new builds are two underutilised levers for affordability.
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Subscribe: https://youtube.com/@ThatBackyardPropertyPodcast Instagram: https://instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag== Website: https://tuskfinance.com.au
Connect with Michael: Facebook: https://facebook.com/tuskfinancemk Instagram: https://instagram.com/mortgageswmichael LinkedIn: https://linkedin.com/in/michaelkilliner TikTok: https://tiktok.com/@backyardpropertypodcast Tusk Finance: [email protected]
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Chapters: (0:00) Introduction & Episode Overview (1:37) Perth's Housing Crisis (3:50) Land Supply & Growth Corridors (5:57) Skilled Trades Shortage (7:40) Is the Australian Dream Changing? (11:24) CGT & Negative Gearing (15:32) Replacement Value & Medium Density (17:34) Modular Construction (22:02) COVID HomeBuilder Grant (27:42) R Codes Reform (31:30) Stamp Duty & Housing Mobility (35:25) Data Insights & What's Next
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Produced by Podwave Studios: https://www.podwavestudios.au
#PerthProperty #WARealEstate #PerthHousing #HousingCrisis #HousingSupply #HIAwa #WAproperty
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Book a consult with Michael: https://calendly.com/d/cwrg-969-cjc
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