A new superannuation fund is giving Australians the chance to invest in residential properties using their super.
As well as the usual shares, infrastructure and cash, Superestate is letting its members choose what percentage of their fund to invest directly in property, effectively making them a part-owner of every investment property the fund purchases.
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Superestate has no minimum balance requirement, and claims it’s the only one of its kind.
The fund bought its first home in Stanmore in inner west Sydney just last year, and recently added another notch to its belt with a new four-bedroom, three-bathroom Brisbane home.
Superestate chief executive, and former Olympic swimmer, Grant Brits has plans for the fund to expand its property portfolio with homes in each Australian capital by next year, and it’s already set its sights on Adelaide as its next investment.
He says by investing in residential homes, the fund adds a layer of transparency to super as members can now physically see where their super investment is sitting, and witness the value of its growth over time.
The assets of each member will be automatically invested as new properties are purchased.
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