It depends on where you are on the age ladder of life – and we are just a few years off the 60 mark!   We already have a reasonable number of investment properties outside a fund (never enough of course!), however it seems sensible  (but maybe not) to take advantage of buying  at least one inside a fund, so that we have  both our own house and one other property capital gains free in a few years' time.  As I said at the very start of this thread and why I started it – it is very difficult getting unbiased, genuinely good advice on this subject., without someone trying to sell you their product..    Also we have money sitting in Super, which has done almost nothing for years – and I believe invested into a property it would be worth a lot more in 5 to 8 years' time!   Maybe there is room for another book! 
Cheers
Sandy

Sorry further to my last post – I know you can't transfer property already owned into the fund – but you can buy a new reesidential property into the fund.  It is then capital gains free and the rental is tax free.   We are at an age where we can shortly start using that income.
Sandy