Safe as houses? Report home borrowers better off renting and investing in shares. I speak with Ernst & Young chief economist Jo Masters

Home owners could have saved $608,000 over ten years if they invested their deposit in the sharemarket over ten years and rented, according to research from the advisory firm Ernst & Young. 

Chief economist Jo Masters tells ABC's Peter Ryan it's time for investors to give up on the mindset that renting is "dead money". 

The research found that 60 percent of Sydney apartment owners would have been better off if they had invested in shares.