Jonathan McMenamin
speaker
81 appearances
1 recordings
1 series
first heard Jun 2026
last heard 24 Jun
Jonathan McMenamin’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
They are a third of all buyers, remembering.
But we do think it will take a little time before people really adjust to the new calculus that they have to do when it comes to the tax changes.
Yeah, so housing supply probably has picked up a little bit.
It is falling very well short of the government's targets.
And there's some pretty good reasons for that.
It is very hard to build mass market housing profitably if you're a private sector builder, which is where all of this building work gets done.
remembering the government doesn't actually build homes themselves.
They rely on the private sector to do so.
And the private sector hasn't been able to get up to those sort of targets we've been talking about.
Overall, the housing market remains in pretty short supply.
We see that in the building sector, but we also see it in the stock on market.
For example, if you were to open up one of those
realestate.com apps or domain apps is that you would see that there is far fewer stock on market across particularly the mid-sized capital cities than there was say 10 years ago.
In Perth at the moment, there's about a 50% shortfall relative to that 10-year average.
In Brisbane, it's more like 30% shortfall.
In Sydney and Melbourne, it's a more of a balanced market.
And that's why you're seeing these price declines occurring in those more well-supplied markets.
From a rental point of view as well, there is clear evidence that there's just a shortage in that market space.
We have vacancy rates sitting around record lows.
And so overall, the picture is that we've got a very shortly supplied housing market.
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