Yes, it’s possible to purchase a property within your superannuation account. This can be done via a self-managed super fund (SMSF). Using your SMSF as an investment vehicle, it’s completely possible to purchase a residential or commercial property and add that to your SMSF portfolio.
In a similar vein, it’s also possible to set up a loan within your SMSF to allow you to borrow funds to purchase the property.
But be warned: buying property within an SMSF isn’t for everyone. If you do choose to buy property in your SMSF, there are a number of rules you must be aware of. In short:
SMSF lenders typically require you to have a super balance of at least $250 to $300k
Residential property within an SMSF can’t be rented to family or relatives
There are restrictions on improving, renovating, or developing property within an SMSF that you need to be aware of.
However, if you can properly navigate the rules, investing in a residential or commercial property with your SMSF can be a sound investment.