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October 6, 2012 - 7:37 am

Thanks for that Richard, I better get some more quotes.

October 6, 2012 - 4:46 am

Hi All, thanks for your comments. the initial cost is $1700 to set up a Self Managed Super Fund. in order to borrow I need a corporate fund and a bare trust in order to get a loan through my SMSF to buy a National Rental Affordabiltiy Scheme property. That is where the extra expense comes in, up to about $5500 including the initial set up cost. It sounds a lot, but I was wondering if anyone out there has done this and knows if this is a fair cost?

September 19, 2012 - 7:18 am

The best way to get the word out to beware of Park Trent and other such high pressure companies is to send our complaints to Today Tonight or A Current Affair. They were also taken to court which apparently they are appealing. I think there enough complaints that if we all called or emailed these shows, they might take it up as a story and many people will save their hard earned money