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.