The government and the aged care pension. does this effect you?

[scott__henning]

How do you access your super to buy propertys

You can't...unless your 55 and born before 1960 ...something like that

Thats what i thought.

But
I remember reading some where if you have a self managed super fund you could do that but when i looked into that the fees alone were like $2500 a year compared to indusrty superfund of $400 to 700 a year.

You can buy property within a self managed super fund if you so wish, but starting a SMSF with less than $200,000 is not worth the extra costs involved (usually). If you really want to hold a larger property balance within your portfolio, there are plenty of super funds that allow you to buy property index funds, many of which have performed well over the past 5-10 years with the property boom.

Putting all your eggs in one basket is ill advised however. Don't expect property to continuously grow at the current rate in the future.

[4liters]

This is just what I've gathered from reading the papers but buying property for the capital gain these days seems like a terrible idea... how much higher can the prices realistically go before these's a crash or the legislation around negative gearing is changed? As for rental yield, I don't know if anything has changed since then but earlier in the year someone pointed out that term deposits were getting better returns

[Boonanza]

This is just what I've gathered from reading the papers but buying property for the capital gain these days seems like a terrible idea... how much higher can the prices realistically go before these's a crash or the legislation around negative gearing is changed? As for rental yield, I don't know if anything has changed since then but earlier in the year someone pointed out that term deposits were getting better returns

Don't ever put your money in a Term deposit that is what Baby boomers did there are better savings accounts these days and you can access your money. :thumbsup:

[4liters]

This is just what I've gathered from reading the papers but buying property for the capital gain these days seems like a terrible idea... how much higher can the prices realistically go before these's a crash or the legislation around negative gearing is changed? As for rental yield, I don't know if anything has changed since then but earlier in the year someone pointed out that term deposits were getting better returns

Don't ever put your money in a Term deposit that is what Baby boomers did there are better savings accounts these days and you can access your money. :thumbsup:

Yeah I'm not sure what other options are out there, that was just comparison the author used
here's the article, I was mistaken about the date - it was last year
http://www.abc.net.au/news/2015-10-01/t ... ng/6820834