NEWS – Decline in Property (as the reason to set up SMSF) (but it is smoother with a team that have experience)

NEWS – Decline in Property (as the reason to set up SMSF) (but it is smoother with a team that have experience)on Self-managed Super (SMSF) draw a glowing picture of health

Decline in Property (as the reason to set up SMSF) (but it is smoother with a team that have experience)

The proportion of prospective SMSF trustees citing property investment as a reason to set up an SMSF has declined, new research has revealed, reports Katarina Taurian of website Mortgage Business. 

According to research house Investment Trends’ 2015 SMSF Investor report, the reasons prospective trustees gave for wanting to set up property via their super dropped to 27 per cent in 2015 from 37 per cent in the previous survey.

“Property has typically been a really strong reason for people wanting to set up an SMSF,” Investment Trends analyst King Loong Choi said.

“Part of the reason for the decline was a lot of regulatory uncertainty around the borrowing rules – that was a key barrier for people.

“The other key barrier here is how the property environment has performed over the last 12 months. There’s a lot of investors who have a negative sense about how they expect the market to perform in 2016.”

Surprisingly, 31 per cent of trustees cited control as a reason for establishing an SMSF – down from 44 per cent in 2014.

However, the proportion of respondents citing advice from friends for family as the reason for setting up an SMSF has risen to 28 per cent from 24 per cent.

Want to know the options and how property works in SMSF? Call for FREE education, or to speak to an advisor about your specific situation. SuperBenefit works with SMSF trustees to CONNECT them with the advisors they need. A call is FREE. If you have any questions, why not give us a call – it’s FREE! 

No obligation. 0407 361 596, Paul.

Advertisements

About SuperBenefitnews

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!
This entry was posted in Retirement Planning, SMSF Info, News & Stats, SMSF Investing, SMSF Property, Superannuation General and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s