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 Found the episode useful? Please follow & leave a comment. It really goes a long way to getting it to more people like you. Need design & building advice? Find out more on our IBA website www.independentbuildingadvice.com.au [https://www.independentbuildingadvice.com.au/] Want more home building episodes? Visit our YouTube or website https://independentbuildingadvice.com.au/home-building-podcast/ [https://independentbuildingadvice.com.au/home-building-podcast/] Follow us on socials: Instagram [https://www.instagram.com/independentbuildingadvice/] | Facebook [https://www.facebook.com/IBABehan] | YouTube [https://www.youtube.com/@independentbuildingadvice] 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.
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