Investing in property is a time tested strategy for building wealth, but did you know that you can use your Superannuation to buy property? In Australia, more people are discovering the benefits of buying property with their Self Managed Super Fund (SMSF). If you’re considering this path, getting guidance through the process, helping you secure the right loan and making your property investment a reality is key. Using a Highline Budget Planner can help with the process!
Superannuation, or ‘super,’ is the money set aside during your working life to provide for your retirement. While most Australians leave their super in industry or retail super funds, others choose to manage their own retirement savings through a Self Managed Super Fund (SMSF). An SMSF gives you greater control over your investments, including the ability to buy property.
An SMSF is a private super fund you manage yourself, typically for up to four members. All members are trustees and are responsible for complying with super and tax laws. The key benefit of an SMSF is the freedom to choose and manage investments, including real estate.
Investing in property through an SMSF can be an excellent way to diversify your retirement portfolio.Property is a tangible asset that can provide steady rental income and the potential for capital growth. When done correctly, this strategy can offer significant tax advantages, helping to boost your retirement savings.
However, buying property with super comes with specific rules and regulations, and it’s not without its complexities. That’s where Highline Lending comes
Australians love purchasing property with their super, however getting financial advice from a licensed and accredited specialist is very important. We understand the intricate details of SMSF loans and can help you navigate the legal and financial landscape to achieve your investment goals.
The various loan options tailored to meet the specific needs of SMSF property investors are;
1. Residential SMSF Loans
2. Commercial SMSF Loans
3. Refinancing SMSF Loans
4. Limited Recourse Borrowing Arrangements (LRBA)
How to Buy Property with Super: The Step by Step Process
Purchasing property through your SMSF is a multi step process that requires careful planning and execution.
Here’s a step by step guide to help you understand what’s involved:
1. Set Up Your SMSF
Before you can buy property with your super, you need to establish an SMSF. This involves:
2. Develop an Investment Strategy
Your SMSF must have a documented investment strategy that aligns with the fund’s objectives. This strategy should consider:
3. Identify and the purchasing of a investment Property
Once your SMSF is set up and your investment strategy is in place, you can start using a property investment specialist. Important considerations include:
4. Arrange SMSF Financing
To fund the property purchase, your SMSF will need to secure an SMSF loan. A mortgage broker can assist you by;
5. Manage the Property
After purchasing the property, your SMSF becomes responsible for its management, including:
Advantages and Risks of Buying Property with Super
While buying property with super offers many advantages, it’s important to be aware of the risks involved. A typical balanced perspective to help you make an informed decision.
Advantages
Risks
Why Choose Highline Lending?
At Highline Lending, we specialise in helping clients achieve their property investment goals through SMSF. Here’s why you should partner with us:
Take Action Today: Secure Your Financial Future
Buying property with super is a powerful strategy to grow your retirement savings, but it requires careful planning and expert guidance. At Highline Lending, we are committed to helping you navigate the complexities of SMSF property investment, from securing the right loan to managing your investment successfully.
Our panel and licensed professionals that specialise in SMSF property loans will guide you the whole way.
Don’t let uncertainty hold you back. Contact Highline Lending today 02 8530 1107 to start your journey towards a prosperous retirement. Let us help you unlock the full potential of your superannuation through smart property investments.
General Warning
It does not take into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs.
We meet for a consultation, obtain your supporting documents and proceed to structure and package your application for approval knowing exactly what the banks want to see. We also monitor your home loan post approval ensuring you’re home loan suits you and your financial position
We get paid a commission from our lenders as a result of introducing your business to them. Subsequently, our service is at no cost to you. Our commission does not affect your interest rate whatsoever, if anything, we’re in a position to get you a lower interest rate than the general public due to our relationships with our banks
With our many years experience in the industry, we’ve been exposed to both easy and complex loan scenarios. Each loan we process gets presented to over sixty financial institutions, ensuring we have explored all options possible and are able to provide a solution
Whether you’re a first home buyer looking at entering the market or an existing home owner looking at ways to save money on your home loan, we have you covered. We’ve put hundreds of hours of research into these guides to ensure you end up ahead, and it’s completely on the house.
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