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Strong investor interest in SMSFs could drive buying activity this year.
According to a December survey conducted by Smart Property Investment, 31 per cent of respondents already have an SMSF. Of the 69 per cent that don’t have their own super fund, 72.6 per cent of respondents said that they plan to switch to a SMSF in the future.
The good news for agents is that property is the clear leader when it comes to the asset classes that investors seek to target.
Of those planning to take out an SMSF in the future 91 per cent said that they would invest in residential property followed by 33 per cent for commercial property.
Australian shares appealed to 40 per cent of respondents, with international shares appealing to just 17 per cent.
Interest is the amount of money charged by a lender or financial institution for a loan, which is calculated as the percentage of the principal amount paid over the loan term.