An SMSF fund can buy business premises or investment properties. As trustee of your SMSF (or a director of the corporate trustee of the SMSF), you have greater control over which property (or properties) your fund invests in. You choose which property to buy, manage the rent and any expenses and decide when to sell.
Before your SMSF buys property, you need to understand superannuation law and other relevant laws in this area. Importantly, the SMSF’s trust deed must enable you to buy property, and property must form part of your fund’s investment strategy. There are also restrictions on who you can buy property from and who it can be rented to.