Real Estate Business magazine recently posted an article that suggested that investor interest in Self-Managed Super Funds (SMSF) could further drive the local property market.
According to a December survey conducted by Real Estate Businesss sister publication, Smart Property Investment, 31 per cent of respondents already have an SMSF. Of the 69 per cent who dont have their own super fund, 72.6 per cent of respondents said that they plan to switch to a SMSF in the future.
Interestingly, the article continued to suggest that a large percentage of SMSF investors are interested in property. Of those planning to take out an SMSF in the future, 91 per cent said that they would invest in residential property followed by 33 per cent for commercial property.
Do you have questions about using your Self-Managed Super Fund to purchase property? Call Suzanne Brown on 9314 9888.