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Unless you have a large SMSF with lots of funds to spare, I wouldn't bother with buying "development opportunities" within Super. The rules are too tough and the limitations placed on Lending within SMSF's prevents a lot of the things you would want to do (i.e subdivide). I would really just...

Just for simplicities sake and to remove any future issues, I'd do the following: - Buy any renovators delights/development potential properties outside of super - stick to just buy and hold properties inside super.

From my interpretation of the rules surround SMSF's and borrowing to buy Property. - A SMSF by using a limited recourse borrowing arrangement (LRBA) can borrow to purchase a property (generally with a 30% deposit) - A SMSF may use a LRBA to purchase a ‘single acquirable asset’ - Its OK...