Comparing shares vs property since the GFC

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Do you think Australia’s share market is booming.

Well think again!

Sure Australias sharemarket has finished the 2020-21 financial year on a high, with the All Ords reporting a record year of growth — up by 25.6%

SharesThis strong sharemarket recovery over the past year reflects the resilience of the Australian economy that has been a world leader in post-COVID recovery.

But Australia’s share market performance over the past year was significantly below that reported by leading world economies.

US shares increased by 34.1% over the year with the Japanese sharemarket up by 30.3%.

UK share performance was however lower, with an annual increase of 14.3%.

Just look how these various markets have performed since the GFC

Chart1

Australian shares have been poor performers since the pre-GFC peak, increasing by just 11.4% since the end of 2007 compared to Japan shares up 65.5% and the US higher by a remarkable 143.6% over the same period.

And growth in Australian shares has also been significantly behind increases in house prices over that period with Sydney up by 137.8% and Melbourne higher by 114.2%.

Property vs shares?????

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About

Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.


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