This would be better suited to take to an accountant for qualified paid advice, taking into account your personal circumstances & structure & tax...
Checkout esuperfund - simple, cheap, all compliance and audit and tax done quick. A smsf is not a difficult thing if you stick to the rules. But...
If you can save $, go for it. There's always ways around the "limitations", if they effect you. Personally I'd save money & interest on my PPOR...
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