I have a family super fund, all it owns is one property in Sydney, worth about $600,000 with no mortgage. I have these questions, appreciate any advice that can be offered to me: 1) My Accountants set up this fund for me. What with the annual audit and returns they make to ATO, it costs me a lot each year - and it all seems over kill for just one property. Is there a better and cheaper alternative to this ? 2) As the property is owned outright, should I be using it's equity to invest further, if so into what - what is best suggestion and I assume this is allowed under the self managed super fund ? Thank you.