According to the latest Citibank Australian Wealth Report, most people feel an investment property is the best place to safely invest their money, with 74% believing now is a good time to invest in bricks and mortar.
Citibank's national survey revealed that shares and managed funds were the least popular (less than 50%).
Citibank's Andrew de Graaff said that despite the lessons learnt from the global financial crisis about the importance of diversification and liquidity, people were willing to lock away their hard-earned cash in property.
"The perception we got from the survey is people are just wanting to get that sense of security again,'' Mr de Graaff said.
"The volatility is still in the markets and even though there has been significant growth over the last six months or so, people are still concerned.''