Property, shares or managed funds?

Q.

After selling our investment property in October 2007 and paying off our mortgage we have $200,000 in an everyday high interest bank account waiting to pay CGT. We held off buying another property as we felt prices would settle or even drop in the area we were looking at. We are wondering if we should buy into a negatively geared property or use our existing money to purchase shares or managed fund portfolio?

Only you can decide whether property or shares will be the best performer. However, there is a general feeling that shares are more undervalued than property. You will need to keep doing research until you satisfy yourself as to the best course of action that will suit your needs and risk profile.