[PODCAST] Property Prices Are FALLING — Is This The Crash That Some Predicted? with Dr Andrew Wilson

House prices are falling across most of our capital cities right now, and the rate of decline is actually picking up speed.

Now, I know what the headlines are going to say about that. They'll call it a crash, a correction, a crisis — and frankly, most of those headlines will be written to scare you, not inform you.

So what's really going on? Is this the beginning of something serious, or is this just a market catching its breath after three extraordinary years of growth?

Today, I cut through the noise as I am joined by Dr. Andrew Wilson Chief Economist at My Housing Market, who’s been tracking Australian property cycles for decades. He's the person I turn to every month for the numbers that actually matter.

In this episode we discuss the latest shifts in Australia’s property markets and what they mean for investors.

We unpack why capital city house prices are easing after a strong run, with higher rates, affordability pressure, and weaker confidence all playing a role.

We look at how Australia’s property market remains highly fragmented, with some cities softening faster while others are still holding up well.

And we discuss why tight rental vacancies continue to push rents higher, even as buyers and sellers become more cautious.

We also explore why units are outperforming houses in many locations, and why that matters for investors navigating a winter market.

Takeaways

• Australia’s market is pausing after strong gains, not entering a collapse.
• Higher interest rates have reduced borrowing power and cooled buyer demand.
• Affordability pressures are pushing many buyers out of expensive house markets.
• Melbourne’s top end has weakened, dragging broader median results lower.
• Perth still shows strong annual growth despite a recent easing in momentum.
• Units are outperforming houses in many capital city markets right now.
• Low vacancy rates are continuing to put upward pressure on rents.
• Chronic housing undersupply is the key long-term support for prices.
• Strong migration is adding fresh demand to already tight housing markets.
• Confidence usually returns before the spring selling season begins.

Links and Resources:

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