Australian asset classes, one axis
Gold trades in dollars an ounce, shares in index points, a bond fund in cents a unit. Pick a date and all of them start at 100. What happens after that is the only comparison worth making.
Listed property is not houses. A-REITs move with the sharemarket, not with dwelling values — they fell about 45% in March 2020 while house prices barely flinched. Read that line as listed property.