Consumer faith in stock markets returning
One-third of Australians believe the share market will be the most profitable sector over the coming year, according to a Loan Market poll.
Thirty-one per cent of the 823 respondents to the online poll felt that residential property was the best bet, and 9 per cent picked commercial property.
However, there is still an undercurrent of caution in consumer sentiment. One in 10 respondents to the survey said that the best-performing sector over the coming year would be cash - and 17 per cent thought they would be better off "putting their money under the mattress".
The poll also found that younger Australians had a bias towards property as an investment vehicle.
Of the Gen Y respondents to the survey, only 27 per cent chose shares as the most profitable sector over the coming year, while 31 per cent selected property, according to a Loan Market spokesperson.
"With savings being a particular priority for many Australians and caution being applied to nearly every financial decision, shares and property hold the most attractive risk/reward balance," said the spokesperson.
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