Investors look to property over shares

Investors look to property over shares

11 September 2009 by Staff Reporter 0 comments

Australians are more likely to invest in property rather than shares, a new poll has found.

According to a snap consumer poll by Archicentre, 71 per cent of respondents would invest in property, while only 29 per cent would invest in shares.

The poll was created in response to the government’s capped concessional threshold for superannuation contributions.

Under the new legislation, people aged 50 and above will have their super contributions capped at $50,000.

Archicentre managing director Robert Caulfield said low interest rates are encouraging people to invest in their home for an improved lifestyle and capital gain, which is driving the market interest in property.

"Many people are seeing their homes as the superannuation fund they can enjoy the benefits of and sell when ready, attracting no capital gains tax if the home is the principal place of residence," he said.

Australians are more likely to invest in property rather than shares, a new poll has found.

According to a snap consumer poll by Archicentre, 71 per cent of respondents would invest in property, while only 29 per cent would invest in shares.

The poll was created in response to the government’s capped concessional threshold for superannuation contributions.

Under the new legislation, people aged 50 and above will have their super contributions capped at $50,000.

Archicentre managing director Robert Caulfield said low interest rates are encouraging people to invest in their home for an improved lifestyle and capital gain, which is driving the market interest in property.

"Many people are seeing their homes as the superannuation fund they can enjoy the benefits of and sell when ready, attracting no capital gains tax if the home is the principal place of residence," he said.

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