Would I be better to invest my money in managed funds, etc. and delay buying a property for several years?

Q.

I am single, 34 years of age, and can securely save $500 a week after paying rent and daily expenses. I've never had any investments in my life and have $60k sitting in a savings account. I was thinking of using the money as a deposit to buy a property to live in - but would I be better to invest my money in managed funds, etc. and delay buying a property for several years?

Your best strategy depends on which asset class performs the best - property or shares. This is something you will need to decide for yourself but a big benefit of shares is that you can buy them in small parcels to suit your budget - a big benefit of buying your own property is that it will be free of capital gains tax.