It's been a great year for creating wealth, largely thanks to ongoing low interest rates which continue to drive capital away from fixed interest products and into shares and property.
As usual, of course, some people would have lost money on the share markets through chasing fast returns.
But had you simply held the XJO (ASX 200) index you'd be on track for a very smart +14% annual return even before dividend payments are thrown in.
Adding in the dividend component, annual returns would be approaching +19%.
As it transpired, all of the share market uplift was in the first half of the financial year.
All of which, by the way, all comes off the back of a romping +20% gain in the 2013 financial year.
These are the best back to back gains that have been seen since the heady pre-financial crisis days.
Meanwhile, Australian property prices are up by around +10% in the past year too, with Sydney comfortably leading the way as we predicted here.
BIS Shrapnel recently came out with a paper which stated that the Sydney apartment market boom has plenty of gas left in the tank, predicting another +15% of capital gains in the next two years.
We tend to agree that certain parts of the Sydney market will likely keep rising in price until interest rates do.
This is partly related to years of undersupply, as I detailed recently here on Property Update.