It is the start of a new year and financial market experts are making their annual fearless forecasts for the performance of share and property markets.
He is forecasting the S&P/ASX 200 to finish the year at about 7800 points – about 5 per cent higher than its current level. Sydney dwelling prices rose by 25.3 per cent last year and Melbourne’s prices ended the year 15.1 per cent higher.monthly dwelling price growth rate, which peaked at 3.7 per cent in March last year, slowed to just 0.3 per cent in December. Melbourne’s monthly growth rate, which peaked at 2.4 per cent last March, was minus 0.1 per cent in December.
Commonwealth Bank economists expect dwelling price growth of 7 per cent nationally in 2022, before a 10 per cent fall in 2023.