Posts Tagged ‘SMSF’

Sep

16

2010

Property comes into favour for SMSFs

Author: nobelfinance

Self-managed super funds (SMSFs) are increasingly

investing in property, according to new figures. SMSF administrator Multiport has revealed that, out of the $1.lbn invested in funds it administers, 17% was allocated to property either directly or through trusts and funds as of 30 June.

This brings SMSF property investment levels to their highest level since December 2008. Multiport CEO John Mcllroy attributed the increase to the better performance of listed property trusts. The figures also revealed that SMSF asset allocation is still dominated by investment in shares, with Australian shares taking up 40% of SMSF assets (down from 42.6% in March). Cash and short-term deposit holdings accounted for 21.4% of SMSF assets.

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