How Does The War Impact Building In Australia - What Can You Do | Home Building Podcast
In this episode, Behan from Independent Building Advice tackles one of the most common questions in the current Perth building market: should you build now, or wait? With global uncertainty rising interest rates, inflation, supply chain pressures, and an upcoming election many people are sitting on the fence. Behan cuts through the noise, sharing how to stress-test your budget, understand hidden building costs, navigate fixed-price versus provisional sum contracts, and why Perth’s property and building prices are unlikely to reverse. If you’re unsure whether now is the right time to build, this episode will help you make a clearer, more confident decision.
What you’ll learn:
* How global uncertainty, war, inflation, and interest rate changes, affects your decision to build in Perth right now
* Why stress-testing your budget against higher interest rate scenarios is essential before you commit to any build
* The real cost of waiting: why Perth building prices are rising approximately 1.5% per month and how that compounds fast
* What hidden costs to watch out for in your building contract, including provisional allowances for flooring, painting, and finishes
* How global supply chain disruptions are pushing up material costs and putting pressure on both builders and buyers
* The difference between fixed-price contract items and provisional sums and what your builder owes you in transparency
* Why Perth property prices are unlikely to drop, and what the market’s strong growth trajectory tells us about timing
* Behan’s three-number budget planning framework: what you’d love to spend, what you’re comfortable with, and your absolute maximum
Chapters:
00:25 – Current Market Concerns: War, Inflation & Uncertainty
00:42 – Why Independent Building Advice Matters Now
01:21 – Should You Wait for the Market to Settle?
01:48 – Buffering for Interest Rate Changes
02:13 – Stress-Testing Your Budget
02:40 – Staying Within Your Means
03:07 – Creating a Game Plan Before You Buy
03:29 – Mortgage Comfort & Life Planning
03:57 – Can You Predict the Property Market?
04:30 – Perth’s Property Market Revival
04:59 – The Long-Term Property Mindset
05:31 – Planning for the Long Term, Not the Short Term
06:33 – Hidden Costs in Building
07:29 – Global Supply Chains & Building Material Costs
09:03 – How Supply Pressures Affect Your Build Price
09:44 – Are Perth Builders Still Profitable?
10:14 – The Risk of Taking on Too Many Projects
11:01 – Pricing Strategy: Allowing for Cost Increases
11:35 – Fixed Price vs Provisional Sum Contracts
12:32 – What Builders Owe You in Transparency
13:04 – Will Building Prices Ever Come Down?
14:15 – Why Now Is the Right Time to Build
14:44 – Perth Price Increases: What to Expect Month by Month
15:25 – The Real Cost of Waiting
16:12 – What Happens If You Keep Delaying?
16:37 – What to Consider With Your Budget
17:14 – How Delays Affect Your Borrowing Capacity
18:13 – The Three-Number Budget Planning Framework
19:22 – Should you get into the market?
19:33 – Final Takeaway
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Disclaimer: The information discussed in this episode is general in nature and does not take into account your personal circumstances, site conditions, budget, or local council requirements. Building, design, investment, and rental outcomes vary significantly depending on individual factors. We recommend seeking personalised professional advice before making decisions related to property, construction, or finance.