Paul,

I have had a SMSF for nearly 2 years. I purchased a property approximately a year ago. When setting up your SMSF with your accountant, outline exactly what your intentions are, buying a property, shares etc. If you are looking at buying a property the SMSF Deed must be set up so it allows the fund to borrow, my deed did not state that from the outset so it was another cost added to the purchase of the property. The best advice I can give you is find an accountant that knows SMSF, a lot claim they do but have know idea. Also I found the NAB to be the cheapest lender for SMSF.