Aussie Real Estate Podcast
Perth Property Market Boom | How Extended Families Are Helping First-Home Buyers Enter the Market
07 Jan 2026
Chapter 1: What is the main topic of the Perth property market boom?
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Good morning, Craig. Thanks for having me. Yeah, so we've seen a bit of a shift in the Perth market with really strong results in suburbs that we've never seen hit those prices before. I guess we're seeing a lot of suburb records in a lot of these areas and it's purely based on the property itself. So people are putting more emphasis into the actual property rather than the area.
Generally, they're coming in from looking at more expensive close by suburbs and considering, well, this property ticks all our boxes. It's not an area that I've previously considered, but certainly prefer this and it's the right price point too.
Yeah, because the buyers, they're now paying millions of dollars in areas like Palmyra and Trigg, previously considered fringe. So it's ever-changing.
Absolutely, yeah. So Trigg's always been a sort of a higher-level price suburb, coastal, but we saw a recent sort of sale there for $6 million yesterday. And that wasn't even oceanfront. So people are paying premium for a good quality house and somewhere that's close to the beach with ocean glimpses.
And this gentrification, which seems to be the buzzword at the moment, it really is shifting the urban fabric, raising questions about identity and accessibility, of course, because people are being moved on.
gentrification happens, gets a little bit more expensive, people have to go even more smaller into some of these areas that they wouldn't otherwise consider, which is obviously a little bit of a downsize for people that can't afford to live in those areas.
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Chapter 2: How are extended families supporting first-home buyers in Perth?
Then I add two to the back and they're both three bedroom, two bathroom houses that will go into the back with plenty of side access. as long as you provided the right amount of visitor spaces and garages and that sort of thing.
Chapter 3: What recent trends are impacting property prices in Perth suburbs?
And I think this is what we need because all of a sudden I'm going to be adding two dwellings to the under supply that this particular area is experiencing. And if they let everybody do that, suddenly we get supply happening really quickly.
Rather than relying on those bigger developers to have to buy big tracts of former farmland and then undertake a massive big selling campaign on the land and get it all sold off and then get all the building happening, we can actually adapt. achieve it in these small developments at a time by loosening up on the rules all around the country.
And I think there's many states and many local council areas that need to start looking at this and toss out that whole minimum land size as long as you can create a development and a house that someone will want to live in that has room and amenity and and is good looking, I don't see why we have to stick to these bigger land sizes.
Let's be honest, people don't necessarily use those big backyards anymore. Life has changed and it's time that planning rules caught up with that. Yeah, it's interesting talking about planning rules because there will be people listening that'll say, well, hang on, you know, the density is XYZ. How have you managed to actually talk around that and get an extra dwelling on the site?
It is in Adelaide. They've looked at it and they've said, right, okay, we're happy with the way that that looks. So there's flexibility. I think so many people just look at the numbers and say, well, that is what it is. And if they can't sort of make it work in those parameters, then they just give up. That's right. And you know, it is all about being able to go for it with council.
There's policy, but there's always out of policy decisions that can be made. And many of them are based on precedent. We had another development in Adelaide where we wanted to cut off a backyard and build a second dwelling. And we were told by the council that we couldn't do it because we would end up with a 5% undersized block on one of the blocks. It's 5%. which meant nothing really.
We were still able to show that we had the right amount of open space that they required, which incidentally was really more than people needed in the first place. And that particular council stuck to their guns. Well, we took them to the Land and Environment Court and it didn't even cost us anything to do that. I didn't get a lawyer. I just lodged the application for $150.
And by the time the hearing came around, I think the council realised that they were unlikely to win this one because I wasn't asking for anything unreasonable and they backed off and let us do the development. So a lot of people, as you say, will give up very quickly and just go according to the letter of the law.
But I can tell you now I've had quite a number of developments approved that go outside of planning rules, but they get approved because I'm able to demonstrate that what I'm building is not an eyesore.
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Chapter 4: How does gentrification affect home buyers in Perth?
And then his prodigy, Luke Beniziosis, who won the competition last year, was the Human Calculator. And now that's been passed on to Greg Brydon, who is my training partner up here in Victoria. So it's just a, it's a number of techniques, but it really comes down to repetition. So we were training the couple of weeks, leaning up to it at least once a day.
And if not multiple times a day, either in person over Zoom and also through applications like an app called Mental Maths, which is just aimed at high school students to improve their addition skills. But for auctioneer, it's kind of our secret tool.
Now, you mentioned at the beginning that you were a magician before you got into real estate. What is your best magical illusionary trick?
Oh, I used to do a card trick where I'd make all the cards disappear very quickly and then one of the cards would appear in a participant's pocket. So that always used to get a good laugh when it worked. When it didn't, it was very embarrassing for a 12-year-old Jack.
I've got a card trick which... It works every time. You'll know how you do this. So you spread the cards open. They're facing the person in front of you. You say to the person, right, memorize one of those cards. If you've got somebody sitting next to them, you say, right, tell them what the card is. Clarify with that person that the card is there, then close it.
then put your hands behind your back and then bring out four cards and spread them and say, is one of those cards yours? You know this trick? No, no, I haven't heard of it. You don't know this trick? I'll talk to you about it afterwards.
A magician never reveals his secret.
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