No one will know if it is a good investment until it is realised. There will only be pros and cons, risk vs reward. For property, u are really getting a big leverage, as your exposure is to $1.2million with only $200k+ cash. (Assuming your rentals can cover your mortgage, tax etc.) But leverage works both ways, if the property market tanks, your paper loss could be big as well. So u have to work your numbers to make sure u can sustain the mortgage paper if things don't turn out well. Along with other issues u have to deal with property like tenants, property repair, etc. Financial markets are much easier, as u mentioned, u can easily sell for cash. Disposing a property will take significant longer time, especially if market is not favourable. But u do not enjoy the much bigger leverage u can get by buying a property. So the trade offs are there for u to decide. Everyone will have their own view of the market, eg. I buy physical silver. So it depends what u believe in and what u are comfortable with. Most markets are fairly efficient, u will be trading some pros and cons in one or another.