Property prices are falling in some areas, and if you're a first home buyer with a 5% deposit, it can be tempting to sit back and wait for prices to fall further.
But how will you know when the market has actually reached the bottom? And what happens if the right property becomes available before then?
In this episode, Veronica and Meighan unpack the reality of buying your first home in a falling property market. They explain why trying to time the market is more of a bet than a strategy, and why financial readiness, property quality and your ability to hold the property long term matter more than predicting what prices will do next.
They also take a closer look at the risks of buying with a 5% deposit, including negative equity, holding power, valuation risk and the dangers of buying off the plan in a slowing market. You'll also learn why established properties can provide stronger price anchors, how to use comparable sales to assess value, and why buffers and due diligence become even more important when markets are uncertain.
If you're wondering whether you should buy now or wait for property prices to fall further, this episode will help you think through the decision with more clarity and less noise.
Episode Highlights
01:35 – Can You Actually Pick the Bottom of the Market?
06:06 – What a 5% Deposit Really Means in a Falling Market
08:15 – The Hidden Risk of Buying Off-The-Plan
11:38 – A Smarter Way to Buy in a Falling Market
17:10 – How to Make Confident Decisions in Uncertain Markets
19:28 – The Question to Ask Before You Decide to Buy
22:17 – Join the First Home Buyer Community
Course Details:
- THE First Home Buyer Course is our Step-By-Step, No BS Guide to Every Stage of The Home Buying Process – It’s the next best thing to having your own buyer’s agent. With our expert guidance, you’ll know what to do at every step along the way. Become a home owner faster and easier. Click here: https://homebuyeracademy.com.au/YFHBG
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