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AAP
AAP
Jack Gramenz

Property dominates wealth but stocks safer than houses

The ASX outperformed the property market for investor returns during 2024. (Dan Himbrechts/AAP PHOTOS)

Residential real estate underpins the nation's wealth as some people struggle to find or afford a place to live, but home values fell at the end of a year where property investment underperformed against the stock market.

Australia's properties are worth about $11.1 trillion, significantly more than the combined total value of the stock market ($3.3 trillion) and superannuation funds ($4.1 trillion), according to data from property analysis firm CoreLogic.

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