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A super fund can still not mortgage any asset it owns the best it can do is enter into an arrangement where a bare trust holds the asset and gives the bank security on limited recourse loan. The superfund then has the right to take over ownership of the asset when the final payment is made on...

Each time the SMSF acquires more of the property it is a CGT event for the other entity. This creates an unnecessary internally generated CGT bill that would not apply if the SMSF simply borrowed the money. Further the asset cannot be borrowed against so leverage is even worse

Check out what St George are offering before you give up. Yes leverage is poor because you can only borrow against a property once but the negative gearing is the same subject to the cap on the amount of super you can contribute

SMSFs and Property With the major banks now lending to superannuation funds and the growing frustration with the performance of public funds that cannot invest directly in houses, now is the time to find out a bit more about self managed superannuation. Self Managed...