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Over the four years to 30 June 2026, about $47 billion was rolled out of industry, retail and public-sector super and into SMSFs, based on analysis ofSuperannuationindustry data.

At a sector level, the mix is fairly clear. According to Australian Taxation Office data, listed shares are the single largest allocation at 27% of SMSF assets. Cash and term deposits follow at 17%, then unlisted trusts at 13%, non-residential (commercial) property at 11% …

Across all SMSFs, listed shares are the biggest single allocation at 27% of assets, according to Australian Taxation Office data. Non-residential, or commercial, property sits at 11%. So at a headline level, listed investments comfortably outweigh direct property.

Administration data covering roughly 30.5% of the SMSF market, or about 200,000 funds, is well placed to observe how new trustees behave. The finding that four in five recent establishments proceeded without formal advice points to a do-it-yourself movement rather than an adviser-led one.

According to ASIC media release 26-170MR, the regulator took action against 36 SMSF auditors in the first half of 2026. Combined with earlier action, disclosed in release 26-010MR against 28 auditors, that brought the financial-year total to 64. Outcomes across the period included disqualifications, …

The appeal for many trustees comes down to control. An SMSF lets members choose their own investments and take a hands-on role in their retirement savings, within the rules. That flexibility, combined with accessible digital platforms and lower-cost administration, has drawn a wave of …

For years, SMSFs were associated with people at or near retirement. That is shifting fast. Those aged under 50 now account for nearly 70% of new SMSFs, and the 25–44 band makes up about 40% of all new accounts. Within that, the 35–44 cohort …