Invest in bank or on holiday property?

My parents want to either pass on their holiday home to us 5 children or to sell it. However, my sister wants to buy it, but she wants to receive her inheritance now (parents are still alive), so that she can put it towards the property. I want the property to be passed on to all the 5 children. Surely for all the children the property is the best investment. Do you think my sister is being cheeky and mean to the rest of us for wanting to buy it? Should the rest of us get our parents to pass it on to us all?

I think she's out of line. If it would be passed to all 5 of you, then she should wait and receive her share when everybody else does, and when that happens should be a decision made solely by your parents. If they want to go ahead and pass it on to you guys now, then great. If not, then it's their choice since it's their property.

I would ask her to meet with the rest of you and talk about what everyone thinks is best for your folks and then is fair for everyone.

It depends on the market. Holiday properties are really fun if you intend on using them yourself, but if you plan on renting them out, which is financially wise, then you can come across a lot of issues with renters. The bank is safe and that is most likely it's biggest plus. Baring any huge market collapse of course.

its really upto your parents to decide but i think your better off leaving the property as an investment and decide what to do with it when your parents decease (hope its not for a long time) dont let her push you into something you dont want to do

This is more of a Family issue than a legal or real estate question.
The best advice I could give would be to talk about it with your sister and let her know that you will not be willing to sell your interest in the property.
When she ask you what interest & states that it is still mom & dad's, let her know that so is the inheritance that she is "spending" to purchase the property.
Right now, she has no legal right to the inheritance unless mom & dad give her some $.
Also, she has no right to dictate what happens to the property (unless mom and dad let her).

What about the Bank?