Rich Harvey

Basically, the volume of housing stock in Australia is completely unprepared for the migration wave that's about to crash into our shores.

You know, look at, as I said before, the demand for rental property is booming.

Just look at the vacancy rates.

SQM put out their numbers the other day.

Adelaide's like 0.6% vacancy, Brisbane 0.7%, Sydney 1.3%, Melbourne 1.3%.

So they're very, very low vacancy rates.

So what that tells me is that we are not building housing at a fast enough rate to cope with the number of migrants that are going to be coming into this country.

So it seems that, you know, the buyers are sitting on their hands.

Everyone thinks the bad times are going to go on forever.

But the smart money at the moment is out there going, hey, actually, this is a really good time to buy because there's going to be a huge demand that's coming.

Like, you may not see it perfectly right now.

My message is for anyone that's thinking or hesitating, worried if the market's going to crash, it's not going to crash, right?

Pretty much sort of almost through the depths of the eye of the storm.

And what was interesting, even though we had two years of closed borders, we saw property prices spike.

And now with the borders open, honestly, we're just going to see the housing demand grow.

I don't think we're going to see a massive spike in pricing.

Don't get me wrong.

But we are going to see the correction over and we'll start to see an uptick in prices and a stabilisation of prices as well.

Look, we were always going to criticise the government of the day and whether it's Liberal, Labor or Independence or whoever.

But the bottom line is, no, we are not doing enough to speed up the processing.