Super cap to boost property investment

The federal government’s changes to superannuation contributions could encourage Australians to invest in the property sector.

Robert Caulfield, managing director of Archicentre, said Australians near retirement age could have their superannuation contributions slashed by 50% under the new government regulations and were accordingly looking for other investment options.

Mr Caulfield said the country should see an increase in the number of people buying into the low end of the market and undertaking renovation projects.

"Providing people do their homework, a well designed and managed renovation project that is completed on budget can create a major boost to a retiree's assets,” he said.