In this podcast episode, Tony and Catherine welcome Lee Johnstone from Parcel Property, one of WA’s leading land agents, to discuss and explore why there is a land shortage in Perth and its effects on the property market for 2023 and beyond.
Tony, Catherine, and Lee delve into why Perth has had far-reaching implications on the property market, with a significant increase in housing and rental prices. Government policies aimed at protecting the environment and limiting urban sprawl have contributed to this shortage, making it challenging for developers to create new housing estates. They highlight the importance of getting in early to secure land what they see as the future for 2023 and beyond.
In this episode:
- Lee’s journey into real estate
- Lessons in opportunities from Global Financial Crisis of 2008
- Companies that have folded and some struggling.
- Skyrocketing rents, fast selling blocks, and diverse range of land
- Demand and the shortage of houses
- Benefits of going into broker model
- What investors need to do finance-wise?
- The right real estate agent, land agent, and builder
- Recommendations for area to invest in Perth.
- Why you want to invest in WA?
About Lee Johnstone:
Lee is an Estate Manager at Parcel Property, and has been in the property industry since 2007, starting in the New Homes market. This gave her experience in building and land sales, which allows her to be able to understand the customer’s journey in choosing their dream home. Prior to her time in Parcel Property, Lee was the owner and operator of a lunch bar as well as being in pharmaceutical sales. Her wide variety of experience in sales makes her a well-rounded member of the Parcel team.
Connect with Lee:
Website: https://parcelproperty.com.au/
LinkedIn: https://au.linkedin.com/in/lee-johnstone-858855b5
About Build Out West Podcast:
We created Build Out West Podcast to educate people about home building, and provide valuable information related to the builder broker game. Our industry experience gives us a unique insight into the nuances of builder relations and how it ties up to the other aspects of the build including land, and finances. Different markets and changes need different builders. Our industry linkages give us the ability to match you with the right builder for the job.
Our Links:
TikTok: https://www.tiktok.com/@buildoutwest
Instagram: https://www.instagram.com/buildoutwest/
YouTube: https://www.youtube.com/@buildoutwestpodcast
Spotify: Spotify – Build Out West Podcast