One really common question we get asked from our clients is "Can I access superannuation to buy a property to live in?"

Unfortunately, the answer is no. Superannuation is designed to hold assets and provide income for you in retirement.

There are certain rules around superannuation that don’t allow you to access those funds before retirement unless, in some cases,  you might be going through financial hardship. As far as accessing those funds for a property purchase that you’re going to live in, that’s not something that you’re able to do.

Given this, the deposit that you come up with really needs to be around savings that you’ve acquired or possibly been gifted from a parent or family member.