property 12% outperformed equites 8%

for the past 24 years....after all costs, taxes were taken into account...
blows the constant argument , theory on this forum that property returns a lousy 3% before costs....that cash outperforms property, and that equities out perfrom everything...
so..what have you to say now....
your theories were bassed on all the wrong information...
must send you into a spin....
requires a rethink for future goals...

but not to worry, it will all change again...'
this time it will be commercial property that will outperform the other asset classes...

'note this article earlier today had graphs showing the returns for all asset classes....but its not in there now....
extract......

RESIDENTIAL property has been Australia's highest-returning asset class over the past 24 years - eclipsing shares - but over the next decade it will be outperformed by commercial property, according to research by ANZ.

ANZ forecasts that equities will overtake residential property as the strongest performer over the next 10 years, but suggests that when risk is factored in commercial property will generate similar returns.

The report, Asset returns: Past, Present and Future, said owner-occupied housing had made annual average returns of 12 per cent over the 24 years since 1987 even when costs and taxes were factored in.

Simple historical comparisons of equities and property are often used by property analysts to demonstrate housing's superior capital returns but ANZ included costs, taxes, interest on loans and factored in the risk associated with investing.

It found that owner-occupied housing had the highest returns, outperforming investment property, in part because of capital gains tax exemptions.

Investor housing was the next best asset class, performing slightly better than equities over the time analysed, the report said.

They were followed by government bonds, term deposits and commercial property.



http://www.theage.com.au/business/houses-no-longer-best-investment-20111011-1lj78.html#ixzz1aWS7l96G