From www.smsfadviser.com: Australians are increasingly using SMSFs to invest in property, with asset allocation growing 26.4% to $55.2 billion from June 2021 to June 2024.

However, compliance challenges exist, particularly concerning the sole purpose test, non-arm’s length income (NALI) provisions, and property development issues, which require a holistic approach to ensure adherence to ATO and ASIC regulations.