Like a bulls-eye .....
Well, think about it. Who operate all the SMSFs ? The 'wealthy sector' or the 'welfare sector' ? I doubt there is another, single entity that is so clear a target AND is so completely, accurately documented with the ATO, auditors etc. Think of all the businesses who have rolled their business premises into their SMSF etc. Property itself is an easy, illiquid target for the taxman. Hence landtax etc. I think property inside a SMSF is a real potential double whammy. Oh, they will find a way !! Assets over a certain value, income over a certain amount ... etc. BTW the last thing I want to do is discourage you !! Just keep your powder dry LL