Podcast Appearances
We do physically have a lot more houses here than we used to have.
And I think that works for economists, doesn't it?
It's good to be reassuring that supply and demand actually do matter.
And I think what we're seeing, the effect of that coming through now in house prices is that if you do ramp up supply, you can...
you know, improve affordability and you can keep house prices more stable.
So is that a bit of a difference?
I understand that maybe that supply situation hasn't been as abundant over your side of the ditch.
It's, yeah, it's incredibly interesting.
I mean, even those stats from the triple CI, I mean, you know, we're both in the same business.
I should have more of awareness probably of the Australian triple CI.
But, you know, I think our index is up maybe 20% compared to those sort of pre-COVID levels.
You're talking close to double that.
Yeah, it's just a really striking difference between that overall cost and, yeah, as you say, the interaction with how sort of selling prices have gone in the meantime, particularly in those regional markets.
Yeah, ultimately people are only going to build houses if it kind of makes commercial sense, aren't they?
So especially the bigger home builders.
So, yeah, really interesting.
It ties in nicely to a viewer email or listener, I should say, probably, a listener email we had during the week, just picking up, I guess, on the,
on the global conflict as well and how quickly that might pass through, things around second round price impacts, all of this stuff.
We had an email from someone in the bricklaying industry who said that even as sort of soon, I guess, if you want to call it that, as 20th of March,
He had received letters from two different suppliers for the bricklaying industry saying that there'd be price rises coming through of between 7% and 15% on some building materials, I guess bricks and potentially some other things as well, and stating that it's due to transport cost increases.