The number of properties on the market in Perth has doubled in the last four to six weeks. Some people are calling the top of the run. Neil isn't one of them.

Transactions are still running at 700 to 900 a week through REIWA. That hasn't changed. What has changed is stock coming on, and there are good reasons for it. Investors spitting the dummy after the budget changes to negative gearing and capital gains tax. Homes finishing construction and tenants moving out of rentals into them. Owners who bought at 350k looking at 900k and deciding now is the time to cash out.

None of that is a falling market. We need around 14,000 properties on the market just to be balanced in WA. The extra stock gets things moving again after a period where it was stagnant.

But there's one number almost nobody is watching, and it's the one that matters.

Rental listings are still between 2,000 and 2,300. Every single week. For three to four years. Record lows. If more investors drop out of the market, that means fewer rentals, not more. Rents go up. Yields go up. And the standard investor comes back to the market because a higher yield offsets what they just lost in negative gearing.

Neil also unpacks what he saw at the World Cup in America, where he watched supply and demand play out in real time. He paid $4,790 for one ticket to watch England versus Mexico at the Estadio Azteca. An hour before kickoff the same seat was $5,500. A can of Stella inside the ground was $19.99 USD. Not enough supply, too much demand, and a lot of printed money in the system. Same forces. Different asset.

In this episode:

• Why more listings does not mean a falling market
• The rental stat everyone is ignoring while they watch sales listings
• What the negative gearing and CGT changes actually signal about what the government wants built
• Why rate cuts and a softening Sydney and Melbourne market are good news for Perth
• Why 26.6% of Australian housing being lone person households is the real story behind coliving demand
• The lesson from 80,000 Mexico fans that explains why HMOs work

More has happened in the housing industry in the last three months than the last ten years. Neil and Jo bought their first property in 2015 and converted it into an HMO. The business has now delivered over 1,180 rooms to market, with another 800 to 900 in the pipeline, a team of 26, and 80 to 120 houses a year.

Want to learn this yourself? The Coliving Cashflow Academy is 14 modules covering everything from what coliving is, structuring yourself like a professional, rent-to-rent, fire safety, new builds, conversions, renovations and subdivisions. Currently $5,000. DM Neil for details.

👉 If you're serious about building wealth through property — and want to see what's actually possible — this episode is a must-listen.

🔔 Subscribe and turn on notifications so you never miss an episode!

👉 Want help with your investment strategy? Book a free, no-obligation chat with our team: Calendly – 15 min call

👉 Join our community: Perth HMO and High Cashflow Investment Properties Facebook Group

Connect with The HMO Property Co: 🌐 Website: www.thehmopropertyco.com 📸 Instagram: @the_hmo_property_co 📘 Facebook: The HMO Property Co 🔗 LinkedIn: The HMO Property Co ▶️ YouTube: The HMO Property Co 🎵 TikTok: @thehmopropertyco_ 🎙️ Spotify: The HMO Property Show 🍏 Apple Podcasts: The HMO Property Show 🏘️ Living Rooms: livingrooms.com.au

🛑 Disclaimer: Nothing on this channel should be considered tax, financial, investment, or any kind of advice. Always do your own due diligence as only a professional diagnosis of your specific situation can determine which strategies are right for you. Our goal is to frequently feature actionable value, thought leadership, and property/investment strategies.

#hmoproperty #propertyinvestment #perthproperty #cashflow #realestate #investing #australia