Growing use of self-managed superannuation funds to invest in property has attracted a warning from the Reserve Bank of Australia.
Self-managed superannuation funds are the fastest growing segment of Australian retirement savings.
Radio New Zealand's Sydney correspondent reports these funds hold $A0.5 trillion in assets - a third of the total super savings pool.
And more money in self-managed super is going into property. Fuelling that is aggressive marketing by property funds selling geared investment in commercial real estate.
Radio New Zealand's correspondent says this has attracted the attention of the Reserve Bank. In its twice-yearly stability report, the RBA notes that self-managed super funds are piling into illiquid assets like property and hybrids with little care for the risks.
