I'm inclined to view equity markets as being overvalued while property is quietly slowing. So I'd like to buy some property assuming I sell most shares in the next 12 months.

Lets assume $300,000 to invest and I prefer Central Otago. What is the best move?

Buy 2 - 3 sections?
Buy a large section with a view to subdivision/development?
Buy a geared commercial property?
Instead buy an industrial property?
Bare land and build industrial building?

I've observed plenty of people do well out of property over the years but can't pick any one preferred choice. Subdivision seems the most profitable but that is sometimes priced in already.

Any thoughts?