This document discusses some of the disadvantages of investing in residential property compared to investing in shares. It notes that buying and selling a $200,000 property would incur costs of around $17,000 or 8.5% of the price, while the same for shares would be only $1300 or 0.65%. It also outlines higher ongoing costs for properties in terms of rates, fees, maintenance, and other expenses. Properties also provide less diversification than a share portfolio of the same value. Selling part of a share portfolio is easier than partially selling a single property asset. The document additionally discusses land tax implications for property investment in New South Wales.