Hi Crows

Firstly I would write down (or at least have an idea) of what your goals are. What is your risk profile, do you like to take high risks when it comes to your money or are you more conservative?  I believe these are the key questions you need to ask yourself, you can have a bunch of people in the same financial situation but the best investment option may be different depending on their age, investment time period, risk profile etc. 

I would also sit down and do the maths for each and every scenario, I would take into account tax, capital gains projections, income projections so that you can work out what you are going to have after tax each year.

Unfortunately you won't know the "right" or "wrong" answer as these figures are all based on projections but it gives you a sense of what investment may be more advantageous to your specific circumstances.

Always do you own research and don't take the agents word for it. Some time ago I looked at investing in a positive cash flow property, it was a display home where the builder was to pay a rather large rental on the property.  I knew the rental would reduce once the builder moved out and a tenant moved in but by sitting down and doing the numbers I found the builder paid for his 12 months rental by increasing the price on the property, for example (these aren't the exact figs) the property was priced at $600,000 with a 10% rental income ($60,000) guaranteed for the first year, when I had a look at the other properties being sold in the area comparable size/quality finish they were selling for $540-550k.