Nitrates only drop if you have plant life growth or deep sand bed to harbor anaerobic bacteria for the nitrate to nitrogen gas process. I grow cheatos for this reason. Also cheatos give a place for copepods to reproduce.
So yes, water changes are essential for a new tank. I do water changes but not nearly as many as i did before my tank matured. Live rock will also help with harboring this anaerobic bacteria. It's hard to have it because you want lots of oxygen for life in your tank. So i depend more on photosynthesis for my tank. Each tank is different.