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Using Super for property investments?, page-11

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pintohoo

80,897 Posts.

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27/09/20

15:13

Post #: 47659331
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Originally posted by bghooper1967 ↑

Hi All,
. Just looking for some general comments on using my super in a SMSF to purchase residential property. I am in Brisbane and currently have my super balance with an industry fund. A few of the blokes I would with have been discussing the use of their super balances to invest in property.
We already have 2 investment properties, one in Mackay and the other in NZ, so we are wondering if it is worth the risk/reward to use our super in this way. We are seeking financial advice through our accountant but I was looking for a few lived experiences from others who have used this approach for good or bad results?
Regards
B

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"We are seeking financial advice through our accountant "

unless the rules have changed --------- accountants are no allowed to give financial advice on superannuation investments -

they can advise on compliance - if they advise on what is good or bad or what is better or worse - they are breaking the law
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