It’s a popular catchphrase among politicians and policymakers: “Build more apartments, and we’ll solve the housing crisis.” 

It sounds simple—almost too simple. And that’s because it is!  

The idea that just increasing supply, particularly through apartment construction, will make housing affordable fails to grasp the true complexities of Australia’s housing market.  

In reality, building more apartments is far from the magic bullet many hope it to be, and in some ways, it could even make the situation worse.  

In today’s episode, I discuss the complexities surrounding the housing affordability crisis in Australia with Brett Warren.  

We challenge the notion that simply building more apartments will solve the issue, emphasising the need for quality housing that caters to various demographics.  

We explore the role of government policies, the challenges faced by the construction industry, and the importance of understanding market dynamics for property investors.  

The episode wraps up with insights on future housing trends and investment strategies. 

Takeaways

 

•        Building more apartments isn't a simple solution to housing affordability.
•        Quality of housing is more important than quantity.
•        Demographic shifts are influencing housing needs and preferences.
•        Government policies need to align with actual housing demands.
•        The construction industry faces significant challenges that impact housing supply.
•        Investors should focus on established properties rather than new apartments.
•        Understanding market dynamics is crucial for successful property investment.
•        The housing crisis is expected to persist for several years.
•        Stricter regulations are needed to ensure quality in construction.
•        Opportunities exist in the market despite current obstacles.

 

Chapters

00:00 Introduction to Housing Affordability Challenges

00:28 The Myth of Building More Apartments

01:23 The Housing Crisis: A Complex Issue

11:09 Understanding Supply and Demand in Housing

21:32 The Future of Housing: Challenges and Opportunities

25:11 The Miracle of Existence

28:16 Introduction to Real Estate Investment

28:17 Understanding Market Trends and Analysis

 

Links and Resources:  

Michael Yardney  

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Shownotes plus more here: Why Building More Apartments Won’t Solve the Housing Affordability Crisis, with Brett Warren