Super funds capitalising as distressed properties hit market

Property in self managed super SMSF superbenefit

Property, SMSF

Self-managed super funds and private buyers are capitalising on the distressed assets that are hitting the market in Victoria. Jeremy Gruzewski, Colliers International’s director of investment services, said the balance of the distressed assets in Victoria came onto the market in the second half of last year. However, the number had been minimal compared with the northern states, he said. According to Colliers research, 598 distressed properties were recorded on the market in 2010, compared with 775 in 2011 (not including properties under $1 million), a rise of almost 30 per cent. Mr Gruzewski, who is also Victorian team leader for Insolvency Property Services, said self-managed super funds mostly wanted leased assets valued at $1 million-to-$3 million.
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Self-Managed Superannuation Service Providers in Australia. SuperBenefit provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
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