Investors turn on super, shares and property

The Westpac-Melbourne Institute Consumer Sentiment Index report shows that investor sentiment is continuing to turn against shares, superannuation and property - the traditional staples of Australian investing. Australians are turning to bank deposits as the confidence in the economic outlook deteriorates.

Just 6.7% of survey respondents said investing in shares was a wise move, while 15% said property was a wise investment. Only 2.9% favoured superannuation.