It is not possible for your SMSF to lend money to you or your relatives to purchase any asset.
You can use your self managed super funds for buying property, and to purchase assets in the SMSF’s name outright or by using borrowings. But, you or related parties to you are not allowed to live in the self managed super fund property.
Read more below about self managed super funds property investment rules. SMSF property investment is a great investment structure, but is not the structure that provides financial assistance to members or related parties — at any time.
Your SMSF can borrow money to purchase a property, but SMSF property investment has to be done in a certain way or your SMSF will be deemed non-compliant.