Millennials plan to invest in real estate by taking advantage of falling house prices in the biggest cities. A survey by comparison website Finder indicates that 35% of Australians aged 34-38 believe they have something to gain from recent price drops.

Finder says that’s 1.9 million Gen Ys buoyed by the prospect of a bargain. Kate Browne, Finder’s personal finance expert, says savvy Millennials see the downturn in Sydney and Melbourne as an opportunity to create wealth.

“There’s no reason Millennials can’t have their smashed avo and eat it too – especially in this current market,” she says. “But being an opportunist requires planning. Boost your savings and get home loan pre-approval in place so you are ready to snap up a bargain when you see one.”

Overall, one in five Australians (19%) are interested in buying property amid recent price drops in the big cities. The survey of 2,026 Australians found the big city property slump has had no effect on the purchase decisions of 30% of people, while the remaining 50% are not looking to buy property at this time.