As the country experiences economic crisis, buying real estate becomes tougher because people’s savings are eaten away by very high prices of commodities. This is the reason why there are an increasing number of people purchasing properties using their money from their Self Managed Super Funds (SMSF).
Before, it has not always been easy to invest in property using superannuation money since it is very expensive. Thanks to the changes in laws, the process of purchasing real estate has been simplified using super funds.
Most people prefer to use an SMSF with their property investing for their retirement years because this process allows them a simple way to eliminate paying income tax as well as capital gains tax.
To learn more on how you can buy properties using your SMSF, watch the video below: