House Prices Are Falling in Australia. Here's Why I'd Still Be Buying.

📞 Book a Free Discovery Call With David and The Team at Nido Finance https://calendly.com/david-pelligra-n... Website → https://nidofinance.com.au 📷 Instagram →   / davidpelligra   House prices in Australia are falling. National values are down 3.6% from the March peak, that is 5 straight months of falls, and over winter 93% of capital city suburbs went backwards. And I would still be buying. Here is the part nobody is telling you. In 2023 the Reserve Bank took the cash rate to a 12 year high of 4.35%, and Australian house prices went up 8.1%. Not flat. Up. It was the first time prices had recovered during a rate rising cycle since the early 1990s, and the recovery did not wait for rates to fall, it started while they were still going up. Everyone who waited for the all clear paid more anyway. So if you are asking should I wait to buy a house, this video answers it with what actually happened the last two times, not a forecast. In this video I go through what the market looks like right now and what it is costing the people you would have been bidding against, why 18.3% of investors sold at least one property in the year to August and where those properties went, what the budget changes to negative gearing and capital gains have done to who is buying, and why Domain's own recovery forecast lands at the same moment as the rate cut everyone is waiting for. I also put the counter case on camera: Commonwealth Bank has us falling another 9% from the March peak, ANZ says 4.3% then 3.4%, and Westpac says flat. Same data, three different answers. You will finish this knowing what you get in exchange for buying into a falling market right now, around 40 days to decide instead of 43 seconds at an auction, vendors discounting 4.2% off asking, and nobody standing next to you. And you will know why none of that survives a rate cut. This one is for first home buyers who have been waiting for the market to feel safe, upgraders trying to time the move, and anyone sitting in a rental watching rents climb 5.7% over the year while they wait. Chapters: Australian house prices climbed 8.1% in 2023 despite the steepest rate hikes in over a decade. Here is what that data actually means. We were told that rising interest rates would break the market, yet the opposite happened. While many buyers sat on the sidelines waiting for relief, values pushed higher. Now, with the Reserve Bank facing a pivotal decision on September 29th, the momentum is finally shifting and we are starting to see clear signs of a decline. This video is for anyone trying to time their purchase, investors looking at the current property market, and homeowners concerned about where the economy is heading. I break down why the consensus was wrong, what the current data is telling us, and why the next few months will look very different from the last year. Subscribe for weekly mortgage and property strategy breakdowns, and comment below if you think the RBA will hold or hike next month. 📞 Book a Free Discovery Call With an Experienced Mortgage Broker https://calendly.com/david-pelligra-n... Nido Finance https://nidofinance.com.au 📘 Download the Free First Home Buyers Guide (PDF): https://fhb.davidpelligra.com.au 📷 Instagram →   / davidpelligra   Chapters 00:00 - Rates Hit a 12 Year High and Prices Went Up 8.1% 00:30 - 2022, and What Happened to Everyone Who Waited 01:57 - Where the Market Actually Is Right Now 02:33 - What a Rate Rise Does to Everyone Bidding Against You 03:27 - The Budget, and Why Investors Are Selling 04:33 - What Happened Last Time Rates Were Cut 05:18 - The Counter Case: CBA, ANZ and Westpac 05:50 - What You Get for Buying Into This Market 06:40 - Why Investors Aren't Coming Back, and Why Rents Keep Rising 08:15 - What I'd Actually Be Buying 🙋‍♂️ About Me I'm David — a mortgage broker based in Melbourne. I've helped hundreds of first home buyers and investors across Australia buy property with confidence, clarity, and strategy. My aim is to give you the ultimate guidance and information so you can make the most informed decision possible when purchasing property. 📬 Stay Connected Instagram →   / davidpelligra   Website → https://nidofinance.com.au ⚠️ Disclaimer This video is for educational purposes only and does not constitute financial advice. Always speak to a licensed broker or financial adviser before making decisions. #australianproperty #housingmarket #firsthomebuyer #mortgagebrokeraustralia #propertystrategy