Weigh the pros and cons of DIY super
My husband has $205,000 in super and I have $245,000. Our money is managed by AustralianSuper. My husband is aged 40 and I’m 39 and we have two kids aged 3½ years and nine months. I’m currently on maternity leave and have requested an additional year so won’t be back to work until August 2018.
I’m interested in setting up a self-managed fund and using the money to purchase a property. How much can we borrow with about $450,000? What type of property should we look for – one with high rental income or one with high potential for capital growth? Should we invest 100% of our money in property or split some between shares and property? Natalie