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Xpress Super adds direct property to its SMSF investment suite

Xpress Super adds direct property to its SMSF investment suite

Independent SMSF administration and investment service for self-managed super fund (SMSF) trustees, Xpress Super, is launching a direct property option to trustees. They can access the Xpress Super investment suite as part of a complete SMSF service for $799 a year.

Xpress Super has also selected St George Bank and Macquarie Bank Lending Services to its lending panel for commercial and residential property.

Olivia Long, CEO Xpress Super, says: “Direct property investment is an option that’s very popular with the self-directed investors as they understand the nature of direct property ownership. With ongoing equity market uncertainty, trustees are looking for assets that are perceived to offer reliable income and longer term capital growth.

“This is reflected in recent ATO figures that indicate direct property in SMSF is a growing asset sector, up from 10.7% in June 2006 to 14.7% as at March 2013. According to the ATO property values grew over this period by 230% to more than $73 billion – a higher growth rate than any other asset class.

“As a premium provider to the self-directed Investor, Xpress Super will continue to develop a suite of investment products that match the evolving needs of investors. Next on the agenda is gearing in equities within SMSFs,” said Ms Long.

“We are pleased to partner with investment providers that are experts in their field. We ensure a competitive product offering with a seamless client origination process. We are confident that our selected providers will ensure our clients meet strict compliance regime requirements for investing in SMSFs while making the experience relatively simple for the investor.”

Xpress Super has recently added Macquarie’s Separately Managed Account (SMA) product to its platform. It provides SMSFs with both direct ownership of shares and professional investment management.

About Xpress Super:
Xpress Super’s business model is targeted at the self-directed Investor. Xpress Super clients enjoy a low cost product simply by using the pre-selected cash hub and online trading solution and limiting their investments to: cash with Commonwealth Bank, online trading with Commsec, compliance, Term Deposits with Australian Money Market, Separately Managed Accounts with Macquarie’s Personal Portfolio, Insurance with Australian Group Insurances Australia Limited to provide a SMSF Master Insurance Plan. http://www.xpresssuper.com.au