A: Yes it’s possible for you and your super fund to own a single asset as tenants in common.  You or your relatives can’t live in the property whilst it’s owned by the super fund.  Your super fund can’t buy their part of the asset from you or your relatives.  The super fund would probably need an agreement with the other owner that they will sell when the super fund wants to sell and that both parties agree to do all they can to maintain the property’s market value and good order etc.

The super fund’s part of the property can’t have a mortgage over it.  That is, as security for your borrowing.  The security must be clearly limited to your portion of the property.  Otherwise the super fund could be deemed to giving you financial assistance which isn’t permitted by the super laws.

No I don’t think the super fund could borrow for such a transaction.  You could borrow and the super fund could use its own money to purchase the property.

I think the best way to do this is via a 13.22 unit trust which I’ve written about in July 2012 - the first article can be accessed here and the second is found here.

Regards.