I read and heard that traditionally, property does really well...

I read and heard that traditionally, property does really well when the sharemarkets are in bear markets.
Conversly, porperty stagnates, when sharemarkets are having a bull run.

All the big money that has to be invested somewhere - sharemarkets are very unsafe. Oil, metals are all depreciating. All the big money therefore gets invested into property. Pumped into property.
On top of it, eg. in Melbourne we have a shortage of property and we have a huge population growth. As it stands 1500 people a week for Victoria = 3 jumbo jets.