Quick Silver Cash Cow

With all of the current changes to the super rules in Australia, many folks are asking themselves the question- is buying property a smart idea? The answer's no one actually knows the future but now not so many people have done as well with anything else. The other fact we all know is if we do not take control of our superannuation, then we will definitely not be well placed to retire.

There has been an enormous inflow of folks starting to manage their own super funds. Many of these folks have invested in property, shares and fixed interest.

However the one thing almost everyone has essentially made money at themselves is property.

The compliance and rules around funds are strict and put folk off for a while but in the end the majority wish to retire and cannot afford to if they don't manage their own super and buy property with it.

Each day more and more folks are figuring this out. As mortgage broker for super loans we are having more folk come to us and ask about buying properties in their super funds. We only do the smsf loansfor super not set up the structures and trusts. We do however have some amazing colleagues if this is what you are after.

The most important thing to bear in mind about self managed super funds is that when you seek advice for super funds you, not the advisor are responsible if they give you inaccurate information, so its actually important to only ask true experts at this space for guidance.

We ourselves have done due groundwork to see which associates we'd align ourselves with and went to SPAA (the self managed super professionals organisation) to find like-minded super professionals.

* This is educational only and should not be relied upon as financial advice.

Virginia Graham manages Central Coast Mortgage Broker and is a finance expert.