Following the volatility of the Australian Securities Exchange this week, mum and dad shareholders, self-managed super fund trustees and foreign investors are likely to seek the stability of property, economists predict.

Merrill Lynch chief economist Alex Joiner agreed investors might shift to property as a safe bet due to the Australian affinity with tangible assets.

“A lot of the falls in the global markets have been for reasons that aren’t entirely clear to people,” he said. “The Chinese volatility, concerns about global growth, Fed rates rises – these are things not front of mind of for most people … they think property is safer bet because they have much more confidence in it.”