We can help you use the money in your Self-Managed Superannuation Fund to buy residential and commercial property. We can also help you refinance your existing SMSF loan to get a better deal. We have access to a range of lenders who offer SMSF loans, so we can help you find the right loan for your needs.
What is an SMSF loan?
An SMSF loan is a loan used to buy residential and commercial property from a self-managed super fund (SMSF). The returns on the investment – whether that’s rental income or capital gains – are channelled back into the super fund to increase your retirement savings.
With the right SMSF loan, self-managed super fund structure and property type, you can potentially save hundreds of dollars on an account structure and keeping fees. With a SMSF loan you also have the flexibility and freedom to:
- Plan your retirement on your own terms
- Choose an investment to suit your lifestyle and investment goals
- Gear into property by borrowing within a Self Managed Super Fund
SMSF Case Study.
Joan wanted a wealth building plan to help her set aside funds for a large nest egg for retirement. She had a SMSF with $200,000 and used the money to borrow extra funds to secure a residential investment property. Using a variable rate loan with a 7.80%p.a. interest rate, Joan borrowed $300,000 with an LVR of 80 per cent. The deposit is partly covered by some of Joan's SMSF funds, while the balance is borrowed money.
This allowed her to buy a property for $475,000, bringing the total cost, including stamp duty and other fees, to $500,000. Joan then rented the property out at $500 per week, giving her an annual rental stream of $26,000. Using money earned from the rent and other income, Joan was able to meet her home loan repayments and used SMSF money to cover repairs to the property.
Keeping an eye on market rates, Joan can increase the rent of her property while it grows in value over time. As a result, Joan can earn a steady stream of rental income and re-sell the property in the future potentially for a higher amount.
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Exceptional Service! Abbas provided outstanding support throughout the mortgage process. He was knowledgeable, professional, and patient, simplifying complex terms and finding the fit rates. Always responsive and quick to answer questions, Abbas ensured everything went smoothly. Highly recommend him as a reliable mortgage broker!
3 months ago
Highly recommend Priyank! From the start, he made us feel confident and supported through the home-buying process. He understood our needs, was always available for questions, and used his market expertise to help us find our perfect home with a great interest rate. His guidance made everything smooth and stress-free. Grateful for his help!
3 months ago
Abbas has been absolutely fantastic. I have known him since 2018, and the information he provides is transparent and informative, which allows me to make better decisions according to my circumstances. He is the best mortgage broker in Melbourne. Thank you for your help and support.
4 months ago
I have worked with both Abbas and Priyank. Most recently with Abbas. They both have delivered high levels of professionalism and customer satisfaction. Highly knowledgeable in the field and will work with you to ensure you get the best deal. I most defiantly recommend this service to anyone who’s looking for a trustworthy broker
6 months ago
Amazing and smooth experience with Priyank. Excellent knowledge about the market and really amazing outreach to get you in touch with the right people to get the job done. Really great communication, kept us in the loop through the entire process. Highly recommend him.
7 months ago
Abbas's expertise and dedication were evident from the start, as he guided me through the entire process with ease and professionalism. Attention to detail and proactive approach ensured a swift and smooth approval, far exceeding my expectations. I highly recommend Abbas to anyone seeking efficient and reliable assistance with their financial needs.
4 months ago
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