At a recent seminar, the BT presenter agreed that the coming restrictions on superannuation contributions, on 1 July 2017, could mean people may decide to invest in property outside their super fund.
They also said that those hit the new Transfer Balance Cap may cash out their excess and do the same.
Within a Self-Managed Super Funds, according to the Australian Taxation Office, the average property holding is about $400,000 for residential property and about $700,000 for commercial property
Nearly conforming to that statistic, last year Strategic Buyers Agents bought a $485,000 investment apartment in Box Hill for a client’s SMSF. The property is providing good cashflow and I expect will do well in capital growth.
If subscribers have not already planned how to position themselves to best cope with these changes, Strategic has connections (no referral fees) with up-to-date superannuation and financial advisers that can give you the low-down.