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Super fund allows members to invest in properties

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Millennials who want a taste of Australia's property market now have an opportunity to invest in a home through the use of their superannuation contributions.

Millennials who want a taste of Australia's property market now have an opportunity to invest in a home through the use of their superannuation contributions.

According to The Daily Telegraph, Superestate is the first fund in Australia to allow its members to invest a portion of their contributions into the Australian property market. Superestate uses the pooled funds to purchase residential homes in blue-chip suburbs across the country.

The fund aims to help younger Australians participate in the property market while also supporting them in preparing for their future.

Superestate CEO Grant Brits said property investment is just one of the fund's sources of returns, which include shares, infrastructure, and fixed income.

"We found a lot of people don’t understand the ins and outs of super but have better understanding of property. It is a lot more transparent, as they understand and can see where their money is going," he told The Daily Telegraph.

Brits said property is an ideal asset class since it is less volatile. The fund aims to purchase homes in each capital city by next year to protect it from isolated downturns and to provide stable returns.

"It still has its up and downs but it’s a lot smoother. Residential property tends to come out on top in the long run," he said.

Tom Panos, an industry watcher and auctioneer, said that investing in property is a smart long-term strategy.

"Real estate, in general, is about playing the long game. People who are nervous about volatility are those buying and selling in a short period. Most are in it for at least a seven to 10-year stretch," he told The Daily Telegraph.

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