No, you cannot live in a property if you purchase it through your Self-Managed Super Fund (SMSF) in New South Wales (NSW) or anywhere in Australia. The Australian Taxation Office (ATO) has strict rules regarding the use of property purchased within an SMSF.
One of the key rules is that the property must be used solely to provide retirement benefits to the SMSF members, and it cannot be lived in or rented by the members of the SMSF or their related parties. This is to ensure that the fund is being used for its intended purpose of providing for retirement, rather than providing immediate personal benefits.