How Does The War Impact Building In Australia – What Can You Do | Home Building Podcast
GUEST
n 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.
Chapters
– 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
– 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
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