it used to be like $150,000, like probably when one could borrow with less LVR, and probably when there were better returns as well.
there are company costs that are fixed and then there is the accountant fees
if one don't borrow for a property, the running costs are just the SMSF company costs and accounting; otherwise will need another custodian company.
there are online smsf managers that cost less than $1000, this is a personal choice and likely comes with limitations also as to who you bank with or trade with or borrow with
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