My understanding is that it falls into the a similar basket as bonds. People have been looking for yield (income)over the last few years rather than investing in equities. This has been driving up prices as investors were willing to pay more for something that's going to give them an income of sorts hence the steller performance of property shares. They have become over valued, whereas equitites are at a more attractive value and have started performing well both locally and internationally so there is a big move to equities out of bonds and propery stock.
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