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23/08/20
13:35
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Originally posted by bghooper1967
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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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I have one in Brisbane in my SMSF.
But like Bacci said, you need to spread the love and show an auditor that your investments are spread and not all in one basket.