Property Now
Will the Iran War Cause a Property Crash in NZ?
Petrol just hit $3.33 a litre. Premium's crossed $4 at some Auckland stations.
Banks are raising mortgage rates. And everyone's asking the same question: is the Iran war going to crash the property market?
In this video, Ed breaks down:
● What actually happened to house prices during the 4 most recent oil shocks
● Why house prices went up 34% during the OPEC crisis and 22% during the Iraq War — but fell 7.5% during Russia-Ukraine
● Why the Reserve Bank is unlikely to raise the OCR straight away
● What the Reserve Bank Governor said in late March
● And why higher petrol prices don't hit the average person as much as you think
Sometimes oil goes up and house prices go up. Sometimes oil goes up and house prices go down. But it's got nothing to do with the price of oil — it's got everything to do with everything else going on in the economy.
Ok, now for the legal bit:
The information and opinions on this channel are for your general information. It’s not financial advice. So the hosts aren’t telling you what to do with your own money.
We’ve made every effort to make sure the information is accurate. But we occasionally get the odd fact wrong.
Make sure you do your own research or talk to a financial adviser before making any financial decisions. See our Disclosure information here.
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