Purchasing Property

If you wish to purchase property with your superannuation savings, this can only be done with an SMSF.

Currently, SMSF’s can borrow to purchase property, but there are many factors you should consider before going down that track. The big four and Macquarie Bank have exited this space since the Banking Royal Commission in 2019. Heritage, BOQ and Bendigo now have quite severe requirements for Limited Recourse Loans.

Currently (2020), Liberty Financial and La Trobe seem to be the best enquiry options. Of course, you can always lend your super fund the money from yourself at market rates.

Comparison rates and fees for some lending institutions can be found here

However, if you would like a referral to a lending institution that can establish a loan through your SMSF, based on your personal financial position, give us a call. Variable interest is at ‘normal’ rates, rather than the inflated rates most banks charge.

Your SMSF will need a 30% deposit for a residential property and 35% for a commercial property.

Should you decide to proceed, our staff will guide you through all the necessary steps to see your plans brought to fruition.

Give us a call – 1300 784 749 or 5476 9955

Self Managed Super Funds