Property Prices Are FALLING — Is This The Crash That Some Predicted? | 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: Answer this week’s trivia question here - https://www.propertytrivia.com.au/ • Win a hard copy of How To Grow A Multi-Million Dollar Property Portfolio In Your Spare Time. • Everyone wins a copy of a fully updated property report – What’s ahead for property for 2026 and beyond. Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au https://propertyupdate.com.au/podcast... Get the team at Metropole to help build your personal Strategic Property plan. Click here and have a chat with us. https://metropole.com.au/ https://metropole.com.au/strategic-pr... Michael Yardney – Subscribe to my Property Update newsletter here. https://michaelyardney.com/ https://propertyupdate.com.au/propert... Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. Or click here: https://demographicsdecoded.com.au/ About The Michael Yardney Podcast | Property Investment And Wealth Creation Australia The Michael Yardney Podcast is one of Australia’s leading property investment podcasts, helping investors understand the Australian property market and build long-term wealth through strategic property investing. Each week we explore: • Australian property market updates • Property investment strategies in Australia • Melbourne property market trends • Sydney property market forecasts • Brisbane property investment opportunities • Capital growth property strategies • Property cycles in Australia • Negative gearing and tax strategy • Interest rates and their impact on property • Buyer’s agent insights and investment planning If you’re serious about building a high-performance property portfolio and creating financial freedom through real estate, this podcast will give you the clarity and strategy you need. Learn more at: https://propertyupdate.com.au https://metropole.com.au