real estate agents can be right, page-29

''Even so, on the averages, property still looks the winner to me.''

Thanks for clarifying the source of your figures.

Your figures show property was the winner in Melbourne on average for that period although you can shave a big slice off those figures for real estate for the high cost of buying, holding and selling.

So with the sharemarket low, according to your figures and median real estate, in Melbourne, close to 9 times the average income, 3 times the correct healthy level, where would you invest now?