Summary: Property seminars are usually put on or partly sponsored by interests associated with a property developer. When properties are sold, the commissions for referral phone calls could be as much as $10,000 to $40,000, built into the sales price. ASIC is cracking down on these one-stop shops but more needs to be done.
Key take out: Property investment can be a particularly powerful strategy – if the right assets are chosen and enough care is taken.
Key beneficiaries: SMSF trustees and superannuation accountholders. Category: Superannuation.