A Queensland-based adviser has found an increasing number of Generation X and Y clients interested in direct property investment through self-managed superannuation funds.
Jill Orr, a certified financial planner who works for property investment company The Investors Club, says she has witnessed an uptick in people under the age of 45 looking to take greater control of their retirement funds.
“The SMSF sector has typically been dominated by baby boomers with high-worth assets, but increasingly it’s a younger generation that are looking to SMSFs,” she said.
“Some have come to the realisation that their current retirement strategies may not meet their lifestyle preferences.
“Others are dismayed with their superfunds performance or the past losses of the share market during the GFC. For many, a SMSF offers a way to take a more active role to manage their most important life asset.”
Orr said many of these younger-generation SMSF trustees are allocating their investable funds into direct property, to avoid the capital gains tax.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 16 Aug 2017UBS appoints head of wholesale distributionBy Staff Reporter
- 17 Aug 2017Formerly banned adviser to face further ASIC chargesBy Staff Reporter
- 16 Aug 2017Challenger announces ‘strategic relationship’ with Japanese insurerBy Staff Reporter
- 16 Aug 2017Income protection insurance launched for on-demand workersBy Staff Reporter
- 17 Aug 2017New evidence for self-licensing surgeBy Aleks Vickovich and Linda Santacruz
- 16 Aug 2017RegTech to reduce adviser misconductBy Aleks Vickovich and Larissa Waterson
- view all