ASMA dismisses SMSF property bubble fearsBY MARK SMITH | MONDAY, 30 SEP 2013 11:10AMThe Australian SMSF Members' Association (ASMA) has dismissed recent speculation that DIY investors are overheating the property market as 'a beat-up' and called on SMSF investors to invest even more in the sector. Related News |
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There may not be an over exposure to property in SMSFs. Sadly that can't be said for the rest of the Australia. Record levels of Household debt, low interest rates and ballooning property prices provide all the ingredients for a property disaster. However, we'll continue having the property spruikers and pundits telling us our case is different. My question is at what level will it become 'The same', as the USA, UK et al? We've already got the 2nd highest property prices in the world. Maybe getting to No. 1 might be the trigger point, when we realise the emperor is naked.