What Happens If The Market Crashes AFTER You Buy A House?
Published 2024-03-11
- How a market crash actually affects your home's value
- What to do if you've bought and the market tanks
- Is buying a house a bad idea?
00:00 What Happens to Your Home if Prices Plummet?
00:56 How is Real Estate Valued in Australia?
01:55 Navigating The Downward Spiral of House Prices
03:58 What Causes a Housing Market Crash?
06:00 Is Australia's housing market headed for a crash?
06:32 What happens if you buy and the market crashes?
08:42 Conclusion
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All Comments (21)
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Global demand to live in Australia has spread like wildfire since 2005, no shortage of people queuing up internationally for property that we don't have enough supply for at least the next century.
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if you look at the history of property crashes in Australia, a great example is the end of the Victorian gold rush. Following the gold rush, commercial property crashed and home prices went down only slightly. What happened long term, where Victorian home prices stayed the same for nearly 30 years. So I would say home prices will lose some value and stay there for 10-15 years while the real world catches up.
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My work mate ask for advise to buy a property with less deposit, but when I told them the pros and cons he his says it's not worth it and the reason why? is because he has to pay lenders insurance even though you can claim it back after you pay off the mortgage, and now his paying the price for not get into the market.
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I live rural so I'd love to see the market come apart, less council rates and broadly less pain for the locals here. But this market is really a bubble created by policy but fueled through cashed up migrants and limitless tolerance for risk by creditors. Like any top fuel dragster this market is drinking a huge amount of these migrants and they have no lack of choice regarding where they can live. If there is no chance in policy and this fuel supply begins to be depleted its game over for the market.
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I'm just trying to pay down our mortgage. We bought a small place in Brissy with a small mortgage as we want to live stress-free. I'm bingeing your videos because it's been a while and then I see this one bwahahahaha. Dude, I want a zen debt-free life, why did you hit me with possible truths like this? I'm not emotionally attached to our home though, I'd sell and buy a chateau in France in a heartbeat if we owned this outright. 🤑🤣
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its more realistic for the market to go down like 10-20% in which case it shouldnt matter to you if you wont sell or rent it out
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I still need a place to live, typically renting is similar cost initially but doubling and tripling over time, where as buying locks in todays price. This is video is a good quick review.
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A crash is coming in 2026 according to the 18.6 year cycle. What if Australia isn’t so resilient this time. China bailed out Australia in 08 spending a heap in our economy.
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Transformers bro lol
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That's exactly what is happening in China. Properties have lost 23% of value, and Goldman Sachs predicts another 40% depression in the next 5 years to come in an optimistic case (pessimistic case will be 17 years and -80%). However it's a different case in Australia because the population of Australia will keep growing. With a growing population, property crashes will be temporary.
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Common sense. Why sell if you can keep up the mortgage and the bills too😂😂
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I’m in the construction industry and there’s guaranteed work for atleast the next 25yrs! Big long term road build projects, housing etc! There’s no crash happening only increases and more and more influx of migrants. Oh yea let’s not the new millennium we were supposed to die, oh and 2012 prediction🤦♂️ it’s all rubbish there’s no crash. Even if Australia owes China money, Australia has let the Chinese in, they do our manufacturing, we have China cars here now, we’re doing everything to pay them back.
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Latest report from PEXA demonstrates that 28% of properties were purchased with cash in 2023. So not much chance of a crash moving forward 😅
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No crash mate
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Comparative Market Analysis of similar properties within 2 km radius that have sold within the previous 3 months. It ain't rocket science 😂
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History and data tells us that it is highly likely that 2026 will be the year.
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compare Australias economy and house prices to the rest of the world, we are overvalued massively....
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No interest rates do not cause a housing market crash , get educated
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We've all had this nightmare before, have we? Cute stories 🤣😂🤣
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What happens to your loan in a market correction/crash? If the house is valued less, doesn’t LVR go above 1.0? Will the bank need more deposit to secure against the loan?
