If you are looking to control your Super and are unhappy with your Industry Super Fund returning consistent poor or negative returns like many other Australians you now have more options in regards to a SMSF.
In 2007 the Australian Government made it possible for ordinary Australians to borrow money to buy property in their SMSF.
Before setting out on this journey you must ask yourself 3 simple questions as everyone’s goals will differ and each of us is in a unique financial position.
1. Do you have an Existing Industry or Platform Based Super Fund with a combined minimum balance of $80,000?
2. Are you looking to control your Super Fund Investments?
3. Are you looking for a low cost Self-Managed Superannuation Fund Solution?
If you have answered “YES” to the above questions, purchasing a property with SMSF might be a good start for building the foundation to your retirement wealth.