Middle East war, rising petrol prices and interest rates: what it means for Sydney property
Global conflict is adding uncertainty to inflation and interest rate expectations, but Sydney’s housing shortage may continue to keep property prices relatively stable.
While global events may influence inflation and borrowing costs, supply constraints remain the key driver of Sydney’s housing market. (Image source: Majonit/Shutterstock.com/REIWA/API Magazine)
The war in the Middle East is hugely concerning on a humanitarian level. From an economic perspective, particularly as it pertains to property, it introduces an elevated level of uncertainty.
Right now, we have cause to be concerned about the already-high cost of living. Petrol prices have risen considerably since the war commenced and more short-term pain at the bowser is anticipated.
Longer-term, things are less clear. Some flow-on supply cha…
