Ukraine Invasion Won't Negatively Impact Australian Property

I’ve heard some pretty crazy predictions about what will happen to the property market in the 40 years I’ve been researching and writing about real estate - but I reckon I heard the craziest one this week. I shouldn’t really be surprised considering where it came from.

AMP Capital economist Shane Oliver loves to dabble in areas where he’s not an expert, including property market forecasting – and over the years he’s made some bizarre statements and got it horribly wrong more often than any other high-profile commentator.

But this time he’s exceeded even his own wacky standards – he’s predicted that the war in Ukraine could result in Australian housing prices dropping by up to 15%.

If this concerns you at all, I can tell you it won’t happen.