Property purchased through an SMSF can’t be lived in by you, the other trustee or anyone associated with the trustees – regardless of how distant the connection. Many Australians seek a retirement investment strategy with larger control over their finances. In that case, you may want to consider setting up a self managed super fund to buy property to invest your money in the direction you want. An increasingly popular choice for Australians in recent years, SMSFs are often used to buy investment properties.