Superannuation funds are able to borrow money to purchase real estate although this can be very complicated to do via an SMSF and so reliable financial advice is very important. Individuals, who are part of a SMSF, can obtain specific loans via the SMSF arrangements to contribute towards the purchase of either residential or commercial investment properties. Should a SMSF aspires to purchase property without having enough available funds for the full purchase price, the SMSF may make an equity contribution towards the property and secure a loan for the remainder of the funds necessary to complete the acquisition.
The government website Money Smart is a very valuable source of information; http://www.moneysmart.gov.au/tools-and-resources
More details on the establishment of self managed superannuation funds can be read at: http://www.ato.gov.au/superfunds/content.aspx?doc=/content/00182478.htm