SMSF Property Investing Explained (Buying Property With Super)

Self-Managed Super Funds are booming in Australia, and more investors than ever are buying property inside their super.

But before you jump into SMSF property investing, you need to understand the rules, risks, and strategies on a deeper level.

In this episode, we’re breaking down exactly when buying property through an SMSF makes sense - and when it’s a costly mistake (as always, seek personalised & professional advice before making any investment decisions).

This episode cuts through the noise and explains how SMSF property really works in Australia. From borrowing structures and deposits to the biggest traps investors fall into.

What You'll Learn in This Episode:

✅ Why Self-Managed Super Funds are surging in Australia
✅ How SMSF property loans actually work
✅ The deposit requirements and borrowing rules for buying property in super
✅ The tax advantages of SMSF property investing
✅ Why most major banks have exited the SMSF lending market
✅ The biggest mistakes investors make with SMSF property
✅ Why asset selection is the most important factor in your super performance
✅ The dangers of developer stock, house & land packages, and off-the-plan apartments
✅ Why you should avoid “one-stop shop” SMSF property schemes

Key moments:

00:00:00 Intro
00:01:00 The SMSF surge
00:03:30 Lending complexity
00:04:35 Separate borrowing capacity
00:07:15 Control and transparency
00:09:00 Restrictions inside super
00:10:40 Renovation and development limits
00:12:15 Tax advantages
00:14:15 Liquidity buffer requirements
00:15:35 Dangers of over-leveraging
00:17:00 Cowboy decisions and crypto
00:17:35 One-stop-shop operators exposed
00:19:00 Why apartments and house-and-land fail in super
00:21:20 Making the final decision
00:23:40 Stress testing your numbers
00:25:40 The no-BS takeaway

If you’re considering buying property inside your super this episode gives you the breakdown of what works, what doesn’t, and how to protect your retirement - listen now.

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👉Get In Touch With ALIC

https://www.ripehouseadvisory.com.au/lp/24/8/investment-lending-sign-up

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👉Access our “Top-Performing Suburbs” report to see the highest growth suburbs right now:

https://www.ripehouseadvisory.com.au/lp/25/09/pd/top-performing-suburbs-report-2025

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✅About Mark From ALIC✅

Ranked as Australia’s leading residential broker for the past seven years, Mark Davis is a director and investment lending manager at ALIC.

Winning 23 times broker of the year and $4.5 billion+under management - he co-founded the company in 2009 and has forged it into one of Australia’s most respected brokerages.

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✅About Ripehouse Advisory✅

Through their innovative ‘done for you’ property investment system, Ripehouse Advisory simplifies the investment process - enabling investors to build a property portfolio that generates substantial returns.

With a focus on long-term relationships, personalised strategies, and thorough research, Ripehouse Advisory empowers investors to create a financial legacy that can be passed on to future generations.

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✅Contact Ripehouse Advisory✅

https://www.ripehouseadvisory.com.au/

Transcript

SPEAKER_01 0:00

Self-managed super funds are surging. Today, we're cutting through it. When buying property in super makes sense and when it's just complexity dressed up as strategy. There are businesses purporting themselves to be experts in the super space, and they are not. They've got the financial planner on the payroll, the broker on the payroll, the builder. All three of them are getting a clip of the ticket, and they're typically getting the client to buy the worst type of asset you can possibly buy.

SPEAKER_02 0:31

If your borrowing power is X amount and you breached your cap, then you can actually leverage through the super fund. And people that love property, people that love leverage, people that are low in their super balance for retirement or behind the eight ball for where they need to be at their specific age, it's definitely a way to leverage if you're buying growth assets and using the right people around you to buy those assets. I've touched on it in previous podcasts. One-stop shops do not go to them.

SPEAKER_01 1:04

Self-managed super funds or SMSFs are surging. Last quarter alone, over 14,500 new SMSFs were established. The highest number since 2012. Over a trillion dollars now sits inside self-managed superfunds. And one of the most popular investments? Direct property. Now property inside Super can absolutely make sense. But when we see spikes like this, we do have to ask: is this strategic retirement planning, or is this borrowing capacity drying up in personal names and super becoming the next lever to pull? As always, I'm joined by Mark Davis, Director and Principal of the Australian Lending and Investment Centre, multiple-time broker of the year, over$4.5 billion of loans under management, and more importantly, a seasoned investor who sees how these structures actually perform once the marketing noise starts to fade. And today we're cutting through it. When buying property in Super makes sense, and when it's just complexity dressed up as strategy, and for full disclosure and warning, none of this is financial advice. We are simply talking about property within Super from our lived experiences of dealing with clients. As always, when it comes to Super, you should always seek the appropriate financial advice. Now, Mark, thanks for jumping on again. Good to see you. Yeah, good. Thanks, Julian. Thanks for having me. Now, Mark, self-managed super funds, from my time working with a Ripehouse business, and I'm sure on the lending side of things as well, it is something that is just getting more and more popular year after year. For yourself, do you actually do self-managed super fund property loans? Yeah, we do, uh Julian.

SPEAKER_02 2:53

We do a lot of uh SMSF. Um a lot of customers, as you know, they have a love affair with property. And uh a lot of our customers definitely have the love affair of property, putting 95% of our customers into residential property or commercial property, and they uh they want to leverage further. So we are more of a leverage business, an investment business at ALIC, and hence we our customers gravitate to that. Again, we can't advise that they should be buying through the super fund because we're not financial advisors. Yep. And in saying that, Julian, a lot of financial advisors talk about diversification, they go to university to say diversify, diversify, diversify, and aren't great advocates, but a lot of the financial planners we deal with at ALIC as business partners definitely are big advocates of it.

SPEAKER_01 3:34

Yeah. And and I guess from the lending side of things, just touching on that as well, are they more complex, more restrictive than just, you know, your average day loan? Like what are some of the nuances that someone should be aware of if you've you know you've done their research on it?

SPEAKER_02 3:47

They are more complicated. I'm I remember when they came out, Julian, a long time ago. We got our first Bank of Melbourne one, which major banks don't do super funds anymore for various reasons, which we can touch on later in the podcast. But the super loans, uh, there was a hundred pages to sign, it was three inches of papers, the cost was six, seven grand, it was the most complex thing because clearly the regulators are trying to protect the super funds for customers, they don't want to be paying pensions for the rest of their lives, so they've got to protect it. So it was actually quite a complex piece. And since then it's become a lot easier, but more involved and more complex than the average line, yes.

SPEAKER_01 4:20

And it uh I guess for some people listening out there as well, it sits separate from the lending in your personal name, right? So that's probably potentially why some people are gravitating towards it as well. Potentially, servicing has run out of their in their personal names and they're they're going down that path. Deposits similar, like what does that look like? And interest rates, just some real without going too deep.

SPEAKER_02 4:41

It sits separate, it's completely separate to your personal borrowing power. So if your borrowing power is X amount through personal, yeah, and you and you breached your cap, then you can actually leverage through the super fund. And people that love property, people that love leverage, people that are low in their super balance for retirement or behind the eight ball for where they need to be at their specific age, it's definitely a great way to leverage if you're buying growth assets and using the right people around you to buy those assets.

SPEAKER_01 5:07

And typically speaking, kind of furthermore on the lending side, I'm assuming higher deposit amounts typically. I mean, we can do lower ones, but most time, what people are probably somewhere between 20 to 40 percent deposits is probably fair to assume.

SPEAKER_02 5:19

Yeah, that's a good number, uh Julian. I I I do a lot of 65s and 70s. L VRs we're talking about, right? L VRs, yeah. So I can do a lot of 80s. Well, you can do 80s, banks do 80s, I do a lot of 65 to 70s. The reason being is your soup is only taxed at 15, uh, the negative gearing is at 15 cents in the dollar. So you don't want to be paying a lot of your contributions out of it. Not that I'm giving financial advice here, I'm not the financial planner, but I give banking advice and cash flow advice. I can talk about that. So I don't want my customers using a lot of their cash flow from their contributions to pay for their asset. Yeah. Okay, we want it slightly negative or neutral, and that normally means a 65 to 70% lend depending on the yield you get and the market you're buying in. So at 65%, if you're buying a house, I'll give an example for 600k. At say 70%, that's what's that? Uh 600k, 1180, that's a 420 loan. Yep. At 70%, uh, you're putting 180k in plus your cost of call it 35, you're putting in about 215k to buy a 1600 uh 600k asset.

SPEAKER_01 6:20

Yeah, yeah, and that's I think that's what is attractive to most people there. And we'll get to the next question. So I guess from your side of things, and I'll give my opinion on this as well, why are we seeing record SMSF creation right now?

SPEAKER_02 6:33

I think because everybody's behind. People are becoming more astute, they know where they sit financially, they know their net worth. All our customers know that know their net worth because we've got a we've got an app called Lolly that shows you net worth on a daily basis. And we've also got a retirement planning tool within that app that actually talks about it, not that we are financial plans to talk about it, but we've got an AI system in-house that talks through that and fills the gap for you. So simply, the simple answer is people with low super, they need to kick it along, are behind the eight ball where they need to be, and are now thinking about retirement, which all of us should be, and the majority of the population don't, they are looking at different ways to leverage and uh bridge that gap.

SPEAKER_01 7:13

Yeah, I think there's a few reasons behind it. I think the control aspect for a lot of people is a big one, like uh, and also to knowing where your money's parked, right? Because particularly, and I won't name the names because they're in the headlines as it is anyway, but when you're seeing your board of directors and such on uh on yachts in Melbourne with some some colourful underworld figures, and there's all these kind of corruption cases, and you're reading the financial review, and there's you know stuff happening, people under investigation in these big, large super funds. The reality is your fees are paying for their European holidays more often than not, and people like to know where they're investing. Once they start to learn as well, is that they're getting that leverage aspect to it. So you touched on before$215,000 or so gets you into a$600,000 asset where in Superspace$215,000 is$215,000 of an investment. And uh I think for people it's that control aspect, they understand property a lot more than what what uh these super funds matter invest in, I should say. So I think that would be.

SPEAKER_02 8:19

A lot of these customers, and when they've got results from it's proven. So if I went to a financial planner, Julian, and I I would last 15 minutes in their office because they'd say sell 12 houses and and and be more balanced in other things, and I would I would definitely be out of that office fairly quickly. Yeah, because that's property is my my go-to. And that's where your risk tolerance lies, right? And everybody's got different risk tolerances, yeah, totally. And and in a lot of cases, all the customers that are doing it have got proven results, like it, and like the comfort of it. And like you said, it's a control thing that they actually know what it's doing and and are comfortable with it.

SPEAKER_01 8:56

Yeah. Now, probably mechanically or or I guess functional-wise, what actually changes when you're buying property inside super in terms of like all the little nuances? And again, this is not financial advice, this is just to give some our general thoughts and opinion on this. What are some of the changes?

SPEAKER_02 9:14

So, what changes there is it doesn't work like a standard loan and a standard leverage or a standard growth. You can't once you get the growth, once you so what I'll take it back a little step. Once you set the loan up, you can't increase the loan ever again. Okay, so if you borrow, like I said before, an example of a 600k purchase price, a loan of 420k, and that reduced to 400, you can never top that up again in a super fund. It's very, very difficult to do. So there's a lot of laws and restrictions around what you can do around renovation work and things like that. So it's very, very tough to do it. So say that asset grows from 600 to a million and you only owe now 350, you've got 650k of equity. You can't use that equity to leverage into other assets. Yeah. So the only way you can leverage into greater assets, you've got to offload the asset. Yeah. Yeah. And the other thing that really changes a lot is it's normally a longer-term play. Yeah. Uh because of the expense to get in. So set up a self-managed super fund. What I say to my clients is if you think it's less than five or six thousand dollars in cost to set it up, don't even start the process.

SPEAKER_01 10:10

Yeah, it does cost a bit. And I think I try, and again, I kind of advise my thoughts on this, is that the benefit of having a self-managed super fund is you you now essentially have a fixed cost space, right? In general, it's going to be a very similar price every year for you to manage your super fund. Whereas when you're in the traditional managed space, the more you have in your fund, the more money they're going to get. It doesn't mean they're putting any more or less work in for your account, but the more you have, the more they're going to charge you. So sometimes what you'll see is potentially you'll make that money back over later years because your cost base is controlled. But um some of the other things, I guess, from the property side, which again, because people who are, I guess, well-versed in property, some of the things you can't do. You can't do massive renovations and subdivisions and adding gravity flats and all these kind of strategies. You can get the property back to a good level. You can fix things, that's completely fine. But you can't be doing, you know, knockdown rebuilds, knocking out walls. Yeah, you can't do those kind of things. So that's that's a big one as well. And um, I guess the thing from what I've seen with clients, and again, prefacing here, this is not financial advice, is when you touched on before deposits amounts, etc., and being diversified, sometimes that's where clients have come in where I've worked, where they've put down 20 or 30% deposits. They've had leftover capital in their self-managed super fund. So they've gone out there and they've put it into other managed funds which they've controlled because later on they want to come back and hopefully have built up enough deposit and enough borrowing capacity left over to buy a second asset, where in some instances they might go all in because that's what they prefer, but you know, they get that growth on the asset, and then in some instances, depending on their age, they end up selling that asset, walking away with the profit because you do still get CGT discounting in super. Your tax rate's obviously much lower, and sometimes they're taking that profit they've made, whether they're putting it back into two properties, or whether they're going, well, the financial plan is advised now, we're going this part of allocation into property. We've now got enough resources now where we can start to diversify. But they're typically the strategies that clients are normally working away through when it comes to their uh financial plan that they've been given from their appropriate expert as well.

SPEAKER_02 12:25

And that 15% is obviously a big advantage there, Julian. Uh the tax rate of 15% is quite beneficial. Yep. Um, just to touch on your question before. Um, the things that customers need to think about, they they've got to leave certain money in there to run their self-manage super funds. So what happens is your rents go in there, your expenses come out, which is your rates, your maintenance, your insurance, your water, your management fees, etc. So that goes out. So your normal running cost, uh, and you might know this more than me, but I do calcs on properties nearly every single day. But the running cost pre-tax to run a property is normally around for a property that's fully geared at 105%, with costs is normally about 10 to 20 grand, depending on the yield and the purchase price we'll buy it for. From the super fund, it's probably five to ten grand pre-tax to run it. So you've got to have the the self-manage super fund balance in there to run that. And the government have made it very, very clear with the institutions that that are lending out, and not all institutions do it, but you've got to have those funds there to run that.

SPEAKER_01 13:21

So it's what's known for people listening, uh, because these are terminologies that they might Google online and they're like, what the hell is that? That's typically what's known as your liquidity buffer, is what uh most people use. And um, just for people's awareness as well, again, lots of disclaimers today. This is not financial advice. There's no actual general rule of thumb what your liquidity buffer has to be. It technically could be zero, but that means your risk tolerance is obviously extremely high. Good practice is around that kind of 5% mark or more. So that means if you've got a uh$500,000 property, you've got at least$25k sitting in there as as your buffer or more. But um, again, that that's as as Mark's saying there, that's making sure that you're you're not just chips in, you've all purchased this property, and and things do go wrong in property, just like any other kind of investment, not everything goes to plan. It's about making sure you're covering your risk. If you're serious about building wealth through property, you don't just need a loan, you need a strategy. And that's exactly what the Australian Lending and Investment Centre delivers. Australia's most awarded brokerage. They're not just looking at what you can borrow, they'll build you a holistic lending plan tailored to your long-term goals. We use them, we trust them, and so do our clients. So to find out more or to book your complimentary lending strategy session, head to the link in the show notes to connect with the team. Thanks for listening. Now back to the video.

SPEAKER_02 14:42

So the banks will make sure there is an amount in there. Correct liquidity buffers in there to actually run it. It's part of the approval process. All the banks are slightly different. Yeah. But as a personal investor, you want to make sure there is funds that there are funds in there. Okay, because you um you can't top it up with your personal funds, etc., etc. It's very difficult to do so. You want the super fund to run it, it's a separate entity that's completely separate to your personal stuff. And the other thing I wanted to touch on here, Jillian, is most of the banks are out of the self-managed super fund space. Banks like ANZ didn't even enter the space because they thought it was a waste of time for their end. The complexity behind it when it came out and the money they made with the time they put into it for a 400k mortgage. So if you're buying a house for say 450 or say 500k at 70% of 350k mortgage, what ANZ have said back then, the interest they get out of a 350 loan for a period of time, for the work and effort they've got to put in and the complexity behind it wasn't worth their while. So they didn't enter the market. All the other institutions did, or most of them did, and then what's gone on is a lot of people have taken advantage of people in their funds, so the pressure's been put on the banks to not deal with it. So it's only second and third tiers that actually do self-managed super fund loans now, and we are doing in an abundance of them because the rates are reasonable to around 6.4%. The running costs are coming in between positive two grand and probably negative four grand in probably 90% of the cases, yeah, of which most people's super contributions can manage.

SPEAKER_01 16:07

Yeah, and I guess from your side of things, you know, what are the dangers of people buying or doing a self-managed super fund from from what you've seen live through client experience on your side as well?

SPEAKER_02 16:20

One of the biggest ones is I and I don't like is that they borrow too much, it costs too much, the yield's too low, the contributions are too much. So if I had a customer come to me, again, I can't give the financial advice, I'd send them straight off to the expert to talk through it. But if their contributions are only 20 grand, I'm spending 17 on this, their whole reliance is on that asset, which which is not a great strategy and not what a financial planner would advise. Yeah. Uh and when the clients are setting it all up, they would get that advice around that. But I see people come to us saying, I've only got 200, but I want to buy a place for 750. That's something I wouldn't want to do the loan for. Yeah. Okay. Because it it can create problems down the line. And if that asset doesn't grow and something happens, all your eggs in that in that one basket. Yeah. I guess. And then the other one, the other one is that um that a lot of people think they can leverage off it and buy their second one. You can't. Yeah. You can't. So borrow, it's a fine line. You've got to keep the debt high, don't pay it down because you can't get it back. But actually not go too high, which sounds a contradiction, because you don't want it to cost you too much.

SPEAKER_01 17:28

Yeah. I guess from my side, some of the biggest mistakes that I see just without on a lending, that's yours your side of the business. But um, from my side, it definitely comes to I see probably a few things. The first one being people seeing this access to a new resource pool of investing and making really cowboy decisions. So all of a sudden they're, you know, they're all in on crypto. And uh just for full disclosure, I'll I'm invested in crypto, I've been invested in crypto for a lot of years. I just invest in one thing, Bitcoin, right? Where they're just going and buying all these speculative things, they uh and things they don't really understand or they're educated about, and then that or they go the inverse effect where unfortunately, Mark, there is a business within a business out there, particularly in the property space, where there are businesses purporting themselves to be experts in the super space, and they are not. They couldn't be any further from that. What they are is they're builders and they're branding themselves out as self-managed super fund property investment experts, where they've got the financial planner on the payroll, they've got the broker on the payroll, the builder, all three of them are getting a clip of the ticket, and they're typically getting the client to buy the worst type of asset you can possibly buy in super. And in my opinion, there's two types of properties that sticks up for that is apartments, particularly off the plan or established, or house and land package properties. And the reason I say they're not the type of assets you typically want to be gravitating towards in super again, and this is my opinion, not financial advice, is those assets are being sold to you, typically speaking, about depreciation. And as you touched on, Mark, before, we're getting 15 cents in the dollar back in uh in super. So what do we do? You know, we're getting we're leaving 85 cents back on the table. And the reality is the most important thing in super is unless we're in the retirement phase and we need an income, right? But that's different, that's a separate conversation, is growth of that asset pool. So capital growth becomes the most important thing to happen, right? Because we're contributing in our contributions, there's rental income coming through. We need that property growing in value, and you will typically not see that to the best effect happening on those type of asset classes that I that I see people make. So that would be the biggest one.

SPEAKER_02 19:54

Just on that, Julian, what you just mentioned there is pretty much is basically product flogging. Yeah, it is. So they're using a means to flog their product, so they've got ulterior motive, okay. They've got they're doing multiple things, they're doing development, they're doing the financial planning, they've probably got a lender in there doing the lending. And this is my big bug bear, Julian. I've touched on it in previous podcasts. One-stop shops, okay, they are you do not go to them, okay? Because there's motive, there's ulterior, there's a so there's ulterior motive, they're using it to sell their products. Now, in most cases, they'll build margins on those products. Oh, of course. I saw one the other day, Julian, you might laugh on this one, and the viewers will um need to hear this. So a young lady spoke to me about a certain guy, which I won't mention the name in the podcast, he's on Instagram and he's he's spruking about buying assets that cost nothing to run. And she said, How that's fantastic, how does he do that? I said, You've got to read between the lines. He's dealing with someone who's increasing the product price, he's then renting the property out and then promising you to bridge the gap on the rent from what you really get in the market out of the actual increased profit. Okay, and the question was, how can they be allowed to do this out there? And that's these people out there trying to take advantage of super funds, which is why what I said before, banks don't go there anymore because they were pressured to get out of this situation where people's super funds were being taken advantage of.

SPEAKER_01 21:21

Yeah.

unknown 21:22

Yeah.

SPEAKER_02 21:22

So moral of the story, have a don't use a one-stop shop, use individual specialists and and choose your investment uh advisor or property advisor or lending advisor uh carefully.

SPEAKER_01 21:34

Yeah, but I mean in that super space, it's just so important. The asset you're going to buy, that's going to determine your performance. Like, and particularly in Super, this is for your retirement fund. I think a lot of people leave it to the self, like to the managed fund to do that for them. But if you're going down the self managed super fund space, you now need to take accountability. And if you don't feel you have the skills or information to do that correctly, you've got to get an expert. Involved and and that leads me to the last question for the day. Before someone pulls the trigger, how should they make the final decision in terms of whether they go down the self-managed sub space or not?

SPEAKER_02 22:11

I suppose I'm I'm second or third in line as the lender doing it. I'm not here to advise you should be going down the self-managed super fund. But they should they should have that the financial planner in hand to discuss with them if they if they've got one. In saying that, most financial planners will say, don't go down this path because you've got your PPR, you've got one or two investment properties, and they'll say diversify because that's what they were taught at university all the way through. But it's about just getting the right advisors for you around you to come to that conclusion. Speak to your property person in regard to understanding the markets about where that's going to grow, what's all the data behind it all, how's that going to perform compared to what your current SMSF or your current super fund is actually doing currently right now. Speak to your lender and understand the costings to run that asset. And then speak to your accountants in regard to setting it up and how you set it up and the cost to set that up. So you would do all that, and then if you've got a financial planner, you would spot probably speak to them, but you would go in with the bias that if you want it and you love property, I always say to my customers, you love property, tell your financial planner, property is my preference. Yeah. Okay. Yeah. And if you say that to them, okay, and they're a good financial planner, they will build that into it and give you the right advice around what levels you should go to.

SPEAKER_01 23:24

And it's funny you mentioned that about in terms of letting your financial planner know your preferences and your risks, because I always say to clients in terms of when we create their property brief, which is, you know, the criteria of what they're comfortable to look at before it gets matched up to the data and all that kind of stuff, is we need to know what you like and don't like. Because if we're presenting you properties or options that don't align with your comfort zone, you might get into that market because you you felt obligated because a professional pushed you down that pathway. But the moment something goes wrong, and and again, all of a sudden that becomes an issue for you because, like any investment, any any health family, like something will go wrong at one point, your fight or flight instinct will kick in and you will want to run the other way because you haven't worked within your comfort zone, your parameters of what you feel comfortable investing. I guess my my advice for people is and typically probably what scares people off going down the self-managed super fund space is the initial costs. They see that it costs$5,$10K to get in, and they're probably not thinking medium to long term the money they might save in future years. But I think if you are exploring or you're gonna go down the pathway, there's a few things you need to do. You need to make your decision based on your overall strategy with your expert by your side, not just tax or cost up front alone. And you want to, you know, run, I guess, stress test, different models, you know, like what's my return likely to be if I just stick in the fund? What's it likely if I go 50% over here, 50% over here? What's it likely if I go 100% to where my comfort zone is? So you have some numbers. We always talk about numbers, Mark, but you have some numbers to help guide you on an informed decision. It's not just what you like and don't like as well. And uh, and again, and if you don't feel comfortable running the numbers, get a professional to run you through the numbers as well. It's just about making sure you have all that in front of you to make that decision, seek independent financial advice, and then make your decisions from there.

SPEAKER_02 25:22

In saying that, Julian, it is a great way to leverage up your super. So if you've got 300k in your super farm, which is a lot of people that we see will have two to 300k.

SPEAKER_01 25:33

One thing we should mention then that, Mark, particularly for couples, because you know it's not uncommon that one of the one of the people in the couple has had to stay home, look after the kids, and their super balance isn't as strong as the other. But you can combine superbalances. So this is something very, very co uh common as well.

SPEAKER_02 25:48

Yeah, so as a so as a couple, if you have 300k and you superfund, and you need to get it to, and your financial planner or advisor or whoever you're talking to, you know, you need to get it to say 1.8 million, 1.8 million might deliver 85,000 a year in X number of years, depending on the year you're retiring, you're 1.2 short. It is a great, great method if you have the right people around you to leverage that up and expediate the the value of that super balance.

SPEAKER_01 26:15

Yep, and and I should preface to anybody listening, I am extremely biased on this. I am a huge advocate of property and self-managed super fund. And I think it's because of that leverage aspect and control aspect, Mark, I'm a huge advocate for it. But um, as always, it's been a pleasure having you here today. And and I guess the no BS takeaway for today is buying property in super isn't automatically smart. And a surge in self-managed super funds doesn't mean it's strategically superior. For some disciplined, well-capitalized investors, it can be a powerful retirement tool. For others, it can be a liquid, concentrated position that limits flexibility during your prime wealth-building years. Super is your retirement bucket. That deserves modeling, not marketing. And if you want clarity on whether buying property in super fits your situation, you should be speaking with professionals to guide you in that space. If you have questions regarding property advice or lending advice, as always, feel free to reach out to Mark or myself in the show notes. We'll tell you straight whether it makes sense or not, or whether you're reaching for the next lever because someone's just suggested it. As always, thanks for listening and we'll catch you on the next episode. Bye for now.