This is the most common way to purchase a property. You can make a direct property investment as an individual, with multiple parties or through superannuation, depending on your requirements.
It’s important to understand your tax requirements. If the property is purchased under your name, any income generated will need to be declared on your income tax return each year. Any expenses incurred can be deducted against the income generated. In the event the property is sold, it will be subject to a capital gains tax.
If you are considering buying property through a superannuation fund, the income and tax structures can vary depending on how the fund is configured. A financial planner can provide insight into this and work out an investment strategy that is right for you.