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
News
- 18 Oct 2017AFA suffers budget blowoutBy Killian Plastow
- 18 Oct 2017ISA ups ante on governance lobbyingBy Aleks Vickovich
- 18 Oct 2017Managed accounts drive revenue: researchBy Staff Reporter
- 18 Oct 2017Midwinter and PractiFI announce integrationBy Staff Reporter
- 18 Oct 2017Hub24 announces partnership with EurozBy Staff Reporter
- 18 Oct 2017Former NZ PM joins ANZBy Staff Reporter
- view all
