Spring Financial Group managing director Keith Cullen opposes any move to prohibit Australians from borrowing against their superannuation to invest in residential property. "In our view, residential property is one of the few investments financial planners should let their clients gear-up to get into," said Cullen, who co-founded the soon-to-be listed firm. "Gearing within super is not for everyone, but in the right circumstances it can be very sensible and significantly improve outcomes in retirement," Cullen said, reports The Australian Financial Review. "The important thing is that the gearing is for a prudent investment purpose."

Last week it was revealed that Assistant Treasurer Josh Frydenberg was considering banning self-managed super funds from borrowing to protect the $570 billion sector from sudden falls in shares and property that could be exacerbated by debt. While against an outright ban on borrowing against super, Cullen agrees that there should be more oversight and tighter regulation around limited recourse borrowing arrangements. His firm sells advice and products across the areas of financial planning, wealth management, insurance, tax and accounting services, mortgage broking, and residential real estate investment advice.