i am in the process of doing this now. That is we have set up our own SMSF but because we cant buy the property outright we have also had to set up a Unit Trust.

The result is the property is purchased in the Unit trust name with we personally having to borrow the other 80% of the funds

this way we have been able to access our super funds and buy a positive geared property.

it has taken a few months to set all this up but once its done we aim to buy 2 or 3 properties for our super fund with @ 20% deposit from our super fund and we personnally borrow the rest and having a positive geared investment

Go for it