Business
Is investing in ASX shares better than property?
At the start of this week, the S&P/ASX 200 Index (ASX: XJO) seemed to take something of a back seat, as it is inclined to do from time to time. In its place, investors were abuzz at news out of the property market.
According to a report in Monday’s Australian Financial Review (AFR), property values rose at their fastest pace in almost 17 years over the month of February. Home values reportedly rose 2.1% over the month, and investor home loans 9.4% in January to their highest levels in four years.
According to the report, the gains put the Sydney and Melbourne property market on track to hit record highs. They also make the ASX 200, which has (as at the time of writing) ‘only’ given investors a 1.94% appreciation year to date…
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