The best-laid property plans are more often than not those that are for the longer-term.
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.
So, why should you consider investing your super in property and what can you do if you believe it is the right move for you?
Creating an SMSF and investing in property can give you greater control over your retirement nest egg.
When it comes to investing in property for the longer term it is something you can 'touch, see and feel’.
At the retirement stage owning investment property can provide an income stream or a lump sum.
In order to protect your superannuation and the money you will have available to you in retirement, it is vital you invest in the right property. You also need to buy in an area with growth potential, capacity for strong capital growth and steady rental yields.
With the volatility in stocks and shares it may be a good time to invest your super in bricks and mortar.