Property turns to shares

MORE Australians appear to be moving to shares as they attempt to grab a piece of the wealth created by the booming market.

The Rothschild/ ASSIRT All Housing Accumulation Index for the quarter ending 30 June 1999 shows while national housing investment returns outperformed shares, shares outclassed property overall.

The Housing Accumulation Index rose 1.9 per cent in the June quarter, with shares returning 0.8 per cent.

However, long-term figures indicated that Australian shares had almost doubled housing returns.

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