So what's been going on in the building industry for the last 18 months? 

We have David Mynott back to give us his insights with a deep dive into the Perth building industry.. He is the founder of 2nd Dawn, a sustainable building company in Perth and is well positioned to take us through what he is seeing. 

David will talk about the effects of rising petrol prices, labor shortages, Covid and the war in Ukraine on the cost of labor and materials and how this is affecting typical building time frames and if these are stabilising.

We also talk about the potential window of opportunity to commence building before everyone else thinks it's a good idea.   

There is a lot more affecting the future of the industry. Let's go inside!

 

Resource Links:

• Connect with David Mynott on LinkedIn (https://au.linkedin.com/in/david-mynott) 
• Visit 2ndDawn’s website (​​https://2nddawn.com.au/) 
• Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)
• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
• Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)

 

Episode Highlights:

1. Intro [00:00]
2. The state of the building industry [01:47]
3. Getting people back to building [04:10]
4. The building industry is costing so much more in post-COVID [04:51]
5. Predicting construction costs and timeframes [6:26]
6. Expected outcome in 2023 [09:51]
7. Inflation-induced price stability is hoped for [11:46]
8. Builder going under [12:52]
9. Investors and homeowners jump in [16:45]
10. Help from federal state and industry bodies [17:47]
11. Outro [20:52]

 

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

 

Connect with Perth Property Insider:

• Subscribe on YouTube: https://www.youtube.com/channel/UCgT9-gB6RS69xSgc8J9KrOw
• Like us on Facebook: https://www.facebook.com/investorsedge

See omnystudio.com/listener for privacy information.