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1.Market Observations, 8.Was Sticky

20 Oct 2016 (AFR) – Property outperforms shares in the last decade: 8pc v 5.5pc, but tide is turning

[COMMENT: Now this is an interesting attention-grabbing headline; but is it useful? “Property outperforms…” This can’t refer to all property, it must be an average across, perhaps, all markets and locations. And in this mix there must be some happy winners, and some sorry losers. So how useful is news such as this?]

(20 October 2016, AFR, p9, by Sally Patten)

‘Residential property was the best performing asset class between 2005 and 2015 but more recent data suggests that the tide may be turning as property prices in Perth and Darwin head south and the froth shows tentative signs of coming out of the Melbourne and Sydney markets. Comprehensive analysis by consultancy Russell Investments found that…’ <snipped…>

‘Are prices cooling? – But more recent data tell a different story. For the 12 months to September, average property prices across all dwellings in the major capital cities rose 7.1 per cent, below the 8.6 per cent gain recorded by the S&P/ASX300 benchmark, data from property analytics firm CoreLogic show.’

Read more (and see the simple bar graphs of property price change in capital cities YoY) at AFR.com (might need AFR login access, or try: AFR.com/trial)

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About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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