Comparing shares vs. property in the final month of FY24, we saw ASX 200 shares outperform bricks and mortar in terms of asset price appreciation.
The S&P/ASX 200 Index (ASX: XJO) rose 0.85% in June. Meantime, the national median home value rose by 0.7%, according to CoreLogic data.
That was the 17th consecutive month of growth for the national median price.
The median house price rose 0.5%, and the median apartment price lifted 0.7% over the month. On the share market, some stocks outperformed by a mile, including an ASX energy share that skyrocketed 40%.
CoreLogic research director Tim Lawless said the national median had lifted between 0.5% and 0.8% every month since February.
Lawless commented:
The persistent growth comes despite an array of downside risks including high rates, cost of living pressures, affordability challenges and tight credit policy.
The housing market resilience comes back to tight supply levels which are keeping upwards pressure on values.
Last month, we saw the same growth patterns and the same dominant markets as we saw in May.
Perth, Adelaide, and Brisbane delivered the highest home value growth. Home price medians rose in June at 2%, 1.7%, and 2%, respectively.
Among the regional markets, regional Western Australia led the pack with 1.5% growth. Regional South Australia followed with 1.1% growth, then regional Queensland with 1%.
Shares vs. property price growth in June
Here’s how shares vs. property performed in terms of house price and share price gains last month.
| Property market | Median house price | Price growth | 12-month price growth |
| Sydney | $1,466,475 | 0.5% | 6.8% |
| Melbourne | $948,879 | -0.3% | 1.2% |
| Brisbane | $953,028 | 1.1% | 15.2% |
| Adelaide | $824,669 | 16% | 15.1% |
| Perth | $791,926 | 2% | 23.7% |
| Hobart | $691,339 | -0.2% | -0.3% |
| Darwin | $589,166 | 0.6% | 3.1% |
| Canberra | $986,414 | 0.5% | 3.2% |
| Regional New South Wales | $763,364 | 0.3% | 4% |
| Regional Victoria | $596,580 | -0.3% | -0.4% |
| Regional Queensland | $644,987 | 1.1% | 12.3% |
| Regional South Australia | $437,854 | 1.2% | 11.4% |
| Regional Western Australia | $532,116 | 1.6% | 16.9% |
| Regional Tasmania | $537,285 | 0.7% | 0.2% |
| Regional Northern Territory | $442,837 | -0.5% | -2.9% |
Top 5 risers of the ASX 200 last month
The ASX 200 lifted 0.85% in June.
According to CommSec data, these 5 ASX 200 shares were the top-performing stocks.
| ASX 200 share | Share price growth |
| Strike Energy Ltd (ASX: STX) | 40% |
| Bapcor Ltd (ASX: BAP) | 21% |
| Pro Medicus Limited (ASX: PME) | 19.3% |
| Healius Ltd (ASX: HLS) | 18% |
| Insurance Australia Group Ltd (ASX: IAG) | 15.2% |
Why did Strike Energy shares spark 40% higher?
Strike Energy released seven price-sensitive announcements in June.
Based on share price gains, the updates that most excited Strike Energy investors included a flow test update regarding the Walyering-7 well in the Perth Basin.
The company advised they’d commenced a production testing program, and moveable gas and condensate had been recovered from the completed zones within the well.
Investors also liked the news of a five-year $153 million development financing package.
The post How ASX shares vs. property performed in June appeared first on The Motley Fool Australia.
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More reading
- Here’s a recap on IAG shares in FY24 â and their FY25 outlook
- Here are the top 10 ASX 200 shares today
- Why Guzman Y Gomez, MacMahon, Strike Energy, and WiseTech shares are sinking
- Leaders and laggards of the ASX market sectors in FY24
- These are the 10 most shorted ASX shares
Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pro Medicus. The Motley Fool Australia has recommended Bapcor and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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