I forgot to add…whichever (Australian) government gets in next are pushing for people to be able to use their super to purchase a house…
Property will pump = more super will be greater than $3m = more taxes on unrealised gains
And that’s the ponzi 🖕🏼
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You will own nothing (because of an ever increasing tax burden) and you will be happy
If people use their super to pay for a home that should ultimately result in less people having super above $3m.
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Oh so it’s not the SMSF owning the asset?
Oh no someone zapped me on that post 😂
Interesting question... I always assumed the cash was just withdrawn but having your super as part-owner would be a smarter move from the government perspective.
Either way, nobody owns their super and I suspect more things like tax and forced government bond buying are coming for that space.
