Don't ignore ASIC warning about property spruikers

Michael LaurenceDecember 17, 2020

Property spruikers target SMSFs with good reason.

SMSFs often have large amounts of money at their ready disposal with the average fund holding almost $1 million.

Funds also have the ability to borrow to invest.

And significantly, SMSF members –whether as individual trustees or trustee directors if the fund has a corporate trustee– make the investment decisions, including whether to invest in direct property.

ASIC does not want to SMSFs to become the “vehicle of choice for property spruikers”, says the regulator’s deputy chairman Peter Kell.


This article is part of Property Observer'free eBook: 21 do’s and don’ts for SMSF property investors.

 

Editor's Picks

Tian An launches North Village, Auburn Square second stage
The lure of Yamba: The holiday destination people want to live
“Pioneers of amenity spaces”: Far East Consortium doubles down on facilities at 640 Bourke
VIC Government extend stamp duty abolition for off the plan properties to October 2026
JWLand approaches completion of De Burgh, Northbourne Village apartments