Tom Panos has blamed for the transactions and developers for the deterioration of the home crisis such as rising prices and to take the availability of the availability of the market from the market.
The real estate coach revealed the 'truth' last week in two Instagram videos that claimed that traditions asked too much wages, while developers were simply not willing to build.
“Let's be clear, it's not a housing problem we have, it's a building problem,” he said.
“At the moment it costs you 40-50 percent more to build something than a few years ago,” he said.
'(Approval) delays are around 40 percent. The truth is that there is no developer who will pull out their finger and sign a contract, “he said.
According to the Australia real estate council, the construction costs are approximately 30 percent higher in 2025 than pre-bidd.
Mr Panos said that land and resale values do not 'stack'.
He said that developers have had problems finding traditions, where many choose to work for themselves at a higher price.
Broker Tim Panos expected on Instagram on Instagram to expect '$ 900 a day'
'I heard a brick low today that he has an expectation that he will get $ 900 a day. This is what they expect. So you can't get traders, “said Mr. Panos.
He said that the recent legislation in NSW approved by almost all Sydney councils has reduced the red tape for many new developments.
The legislation makes the development of a duplex possible on a facade and 400 square meter block, instead of the previous size of 15m facade and a 600 m² meters of block.
'So it has become easier. But that is not the problem: it is that people find it to do it, “said Panos.
'We need some incentive for developers. Australia is three to five times more expensive to build. '
The real estate coach unveiled a table of the building prizes that he himself had developed with the help of Chatgpt.
His estimates suggested that the construction costs in Australia were around $ 14,000 to $ 18,794 per square meter.
He said the UK, the US and Canada had costs between $ 5,480 and $ 6,100.
He said that a lot of trade works for themselves instead of traditional construction companies, at higher costs for builders
“A brickie is on a big one a day,” said Mr. Panos.
“You link that with building delays and if you take so much risk into account, developers do not want to participate.”
His message seemed to make an agreement with many trade that closed the real estate guru.
'You will probably charge one percent per house sale. That is much more than $ 900 a day, what makes you so special? “They wrote.
'Good masons earn every cent for the back -breaking work they do! When a bricklayer completes his task, it is done 100 years, “said another.
“Not Poto on the transactions.”
A third added: “Our biggest problem in every sector is bureaucracy, government paper, costs and taxes.”
