PHOTO: KPMG’s Julie Dolan says investors need to consider their risk tolerance Picture: Supplied Source: Supplied
The best-laid property plans are more often than not long-term ones.
It’s a consideration for many of us in these uncertain economic times as we weigh up our financial futures.
Widespread moves to access superannuation early due to the coronavirus crisis speaks volumes about how hard people have been hit financially by this unprecedented health crisis.
However, this could also be a good time to consider investing your super in property for the potential long-term gains.
Purchasing property through a Self Managed Super Fund is a different proposition to buying your own home or an investment. But given the volatility of the stock market, record low interest rates and the tax concessions available it is worth considering.
Diversifying your super by investing in property can be a good move if done correctly.Source: Supplied
“I always say to the client, the thought process has to be tailored to the personal circumstances of the fund,” said Julie Dolan, Director, head of SMSF and estate planning at KPMG Enterprise.
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