Ryan McLean

9 Comments

  1. Susanne Wiklund
    January 3, 2016 @ 12:21 pm

    Hi
    I would like a financial planner who is savvy on using Super to purchase an investment property.

    I live at Pakenham (Melbourne) Are you able to suggest who I might see that is close by ??

    Kind regards

    Reply

    • Ryan McLean
      January 5, 2016 @ 8:40 am

      Sorry I don’t know any financial planners in that area and generally don’t recommend financial planners anyway. Many of them make their money off commissions selling you mutual funds or properties…and that’s a MASSIVE conflict of interest in my eyes.

      Better to get educated yourself or to see a qualified buyer’s agent. But if you find a good financial advisor who is trustworthy let me know, I’m keen to find them.

      Reply

  2. Victoria
    April 26, 2017 @ 10:30 am

    Would hardly call investing your super in property a luxury in life .

    Reply

  3. Yvonne
    April 27, 2017 @ 7:01 pm

    I wish we were able to use Super to buy our own house. Isn’t it beneficial to not have rental stress when you’re going to retire? A house is a key issue when you’re getting older. Hope there will be changes in the future.

    Reply

    • Freda
      July 9, 2017 @ 4:56 pm

      I hear you me too what i think

      Reply

  4. Roy Peters
    June 28, 2017 @ 6:56 pm

    I think it’s only fair not to let people use their super funds before retirement, even if it’s to buy their own home. It’s good to have your first home purchase to be an investment property and not for personal residence since it would create a new source of income. The value of a house only increases due to inflation. Besides, it’s hardly an investment if you don’t plan to sell. Not to mention that owning a house implies associated costs on insurance, repairs, upkeep, etc. These expenses could prove costly unless you rent out the property which would generate income to cover those costs.

    Reply

  5. Kathy Nally
    August 5, 2017 @ 12:54 pm

    Does anyone know if I CAN USE MY OWN MONEY FOR A DEPOSIT ON AN INVESTMENT PROPERTY AND HAVE IT REIMBURSED ONCE THE SELF MANAGED SUPERFUND IS SET UP? Possibly at settlement when funds are dispersed the deposit could be returned to me?

    Reply

  6. Brett
    October 18, 2017 @ 2:29 pm

    “It’s not there to give you the luxuries of your life.”
    I went through a divorce 3 years ago and gave all I had to my Ex thinking I was doing the “Right Thing” and that she would be able to move on. She has and now has a home … great for her..
    I don’t want these so called luxuries , just want access part of my Super so I can utlise for purchasing a home of my to live in…….
    The ABC show Insight is having a program in Nov sometime to discuss this very matter. People who are starting out again who should be able to help them selves by delving intp Part of their Super funds…
    Surely $30 or $40K from a Super account for a home to live in NOT an Investment wouldn’t go astray.

    Reply

  7. Brandon
    November 22, 2017 @ 6:04 pm

    I think the law should be updated .

    Reply

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