An SMSF or a self managed super fund allows Australians with superannuation the opportunity to purchase one or multiple investment properties.When buying a house using super, you cannot intend to live in that property and needs to be only for investment purposes.
A super fund can have between 1 to 4 members and they can buy an investment property and generate fixed income. Each member is responsible for their own investment decisions.
This could still include investing in shares. However, many people now include housing in their retirement and investment plans.
The process of setting up a SMSF may be complex. You should seek professional financial advice to understand your responsibilities.
An SMSF offers significant advantages, including the possibility to invest in property directly. A fund can purchase residential or business property. A fund can generally borrow a portion of the property’s actual value. Due to the nature law structures, there are rules that govern this activity.
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