If the house is for investment purposes and is not purchased...

If the house is for investment purposes and is not purchased from a related party or leased to one once the asset is owned this is possible through the use of an ungeared unit trust. You should not attempt to do this without advice from an accountant with extensive superannuation knowledge.

Note that if your intention is to buy the property back from the SMSF at a future date or in this case purchase the SMSF's units in the unit trust you may have an issue with the sole purpose test since it could be argued you did not buy this property on the basis it was the best investment for the Fund but rather you purchased it as it's the house you wanted to live in in the future.