More Aussies now think shares are better than real estate

More Australians favour shares over real estate as a way to invest, in a rare result for our usually property-obsessed country.

Every quarter, Westpac Banking Corp (ASX: WBC) and the Melbourne Institute’s survey asks “Where is the wisest place for your savings?”.

In the latest numbers released this month, the real estate vs shares tussle was turned on its head.

“In March, just 9.3% of consumers nominated ‘real estate’, the third-lowest result in the 47 years we have been running the question,” said Westpac chief economist Bill Evans.

“More consumers (10.5%) favour shares than real estate.”

The property market, especially…