Eligibility to invest in direct property funds depends on the fund’s structure and regulatory requirements. In most cases, the following types of investors may be eligible:

1.      Retail investors

Individuals who meet the minimum investment amount and other conditions set out in the fund’s Product Disclosure Statement (PDS) or offer document.

2.     Wholesale or sophisticated investors

Those who meet regulatory thresholds for income, assets or investment experience. These investors typically have access to a broader range of direct property funds.

3.     Institutional investors

Large organisations such as superannuation funds, insurers, banks and professional investment managers.

4.     Self‑managed superannuation funds (SMSFs)

Where permitted by law and the fund’s rules, SMSF trustees may invest on behalf of members.

To be eligible, investors generally need to meet minimum investment requirements, satisfy the relevant investor classification, and complete identity, tax and compliance checks. As eligibility criteria can vary by fund, investors should always review the official offer documents or seek professional advice before investing.