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! 

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Self-Managed Superannuation Service Providers in Australia. SuperBenefit will SET UP your SMSF and provide investment education for a better result. We take care of all your administration, accounting, ATO lodgement and audit of SMSFs, working with you and your advisors. If you want advice we can arrange one of our recommended advisors and accountants to meet with you, as we do not give advice, but take instruction only. Take control of your super, including property shares and other assets. Learn how to be your own advisor - make better decisions - by being mentored and coached to invest your own super wisely and strategically by qualified partners. Book to come to an event to find out more, or - Call us 0407 361 596, no obligation FREE strategy call.
This entry was posted in Retirement Planning, SMSF Info, News & Stats, SMSF Investing, SMSF Property, Superannuation General and tagged , , , , , , . Bookmark the permalink.

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