Yes, these are points well made.

However, a well drafted diy pack will include the advice, warnings and explanation about all the things you mention.  I accept that this does not necessarily mean that the trustees/members of the fund will understand or accept this advice.  Some will need a professional to tell them face to face about these things…[Read more]

Creasy23 wrote:
My partner and I are thinking of setting up a SMSF in order to purchase a property.
is around $10K the average cost of setting up a SMSF? ($7K to set up and $3K for incidentals)

Hi Creasy
There are four routes you can take to set up your smsf.  The first is by asking a professional to set it up for you, and Terryw is right, a…[Read more]

I’ll pay the site a visit.

Thanks very much Michael, for giving us the benefit of your experience and knowledge.

You would be better buying completed but unoccupied apartments

I suspect that these have remained unsold because the developer has reached the limit of 50% of sales which can be made to overseas purchasers. If so, they could only be sold to Australian…[Read more]