PS: There are many family based Self managed Super Funds which are privately managed and that have say 5 members which makes the fund tax free /concessional tax inputs up to $9 million provided each member has an equal share.
IMO, residential property should not be allowed in Super Funds while the Government (taxpayer) has to subsidise owners into housing.....it simply drives up house pricing If people want to invest in housing then they should not get Super tax concessions and arguably not get negative gearing either because that too distorts the market.
