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Just to play devil's advocate (cause Sunfish doesn't want to anymore), long term after tax returns on Australian shares was 1% higher per year than resi property. Over time, that can make quite a significant difference. Those are just figures though, many other varables need to be taken into...

This years Russell Investment Report is out. I think most people here will like the first two points in the summary on page 1. http://www.russell.com/AU/financial-professionals/publications-and-tools/tools-for-you/long-term-investing-report/default.asp