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Let’s ask the question that’s plaguing the Australian bourgeoisie’s nightmares today: will the oil shock of 2026 crash house prices?
I’m pleased to inform you that the answer is becoming increasingly “yes.”
As a rule of thumb, every 10% rise in the oil price adds 0.4% to inflation.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.