ASX

I am referring specifically to ASX itself.  Like SYD, this is one of the best monopolies to hold.  While it isn't strictly speaking a monopoly, for practical purposes, it is.  Chi-X has made only minor inroad so far.

Based on the current rate of dividend returns, it is almost 15-20% return when calculated on my original purchase price 10-15 years ago.  The share price has gone up by more than 3 times.  I have more than recouped my capital investment.  Today, on the portfolio it resides in, it is now the biggest individual parcel.

We nearly thought of selling this parcel to fund the purchase of an investment apartment in the city.  Luckily, we didn't as the return is better than rent and the apartment price would not have gone higher compared to ASX.  And we don't have to deal with estate agent or tenants.