SELF MANAGED SUPER FUNDS (SMSF) LENDING FOR PROPERTY
SMSF’s are becoming an increasingly popular way for people to take control of their Super.
Primarily the most important issue for most people who choose to run a SMSF is the level of choice and control they can exercise over the investments in the fund.
A SMSF may be able to borrow to acquire a residential investment property providing the following conditions are met –
Where a fund invests a significant portion of its assets in real property, the trustees must ensure that the funds level of investment in direct property is in line with the fund’s investment strategy, including diversification of assets, liquidity, and maximization of member returns in the fund.
How does a SMSF purchase a property?
Our example below provides a basic overview. Seek advice before making decisions on your Super.
Once your SMSF is setup, we can assist with finding the right property suitable for the funds budget.
SMSF INVESTMENT PROPERTY
Purchase Price of $500,000