Accessing super to purchase property

Hello,
I am thinking about buying a off the plan 2br apartment in Warrnambool for just over $300k and I would love to hear peoples tnoughts. I live in Ballarat and visit Warrnambool as often as possible as I really like the town and surrounding regiond
I like the appeal of not having to stamp duty on the build and there seems to be a need for rental properties in the area. If anyone has any insight into Warrnambool in terms of a long term investment I eould love to hear from you. I have a feeling exciting things are coming for the town in thd future especially with other beach towns being impossble to buy into for many of us. I should note I invested in a block of land in Warrnambool in sept last year in the hope I can build a holiday home therr one day.

 

Hi Faith,
Welcome to the forum! I'm new here too.
It's been a while since I was last in Warrnambool, but $300k for an apartment sounds expensive. While you would be saving on Stamp Duty, there are lots of risks with Off the Plan and I'm pretty sure you can buy a house there for a similar price. If there is a demand for rental properties, I would want to buy an established property that I can start generating an income from immediately.

Good luck!

 

Not sure if the title of this thread is connected to your post, but you can't access super to buy property - unless you are 60+ in age perhaps