Superfund Properties
Use your superannuation to buy an investment property
Did you know you can use your superannuation to help fund the purchase of an investment property via a Self Managed Super Fund (SMSF)? If you have at least $100,000 in super, this is something you can and should consider. You can also combine the superannuation accounts of other family members to achieve this.
In 2007 The Superannuation Industry Supervision Act (SIS Act) was amended to allow Self Managed Super Funds (SMSF’s) to buy investment properties using money in the fund as a deposit, and to borrow money for the balance via a complying structure.
This means that you can now use your super to buy an investment property with potentially no cost out of your own pocket. The 9% employer contributions from your salary along with the rent from a property can potentially cover all of the holding costs.
DPN has helped many people manage the whole process from beginning to end. This includes SMSF establishment, finance approval, statement of advice from a licensed financial planner and sourcing complying property.
4 reasons to consider buying a property through Super
- Instantly Enlarge Your Super Portfolio. By using your super as a deposit to buy an investment property and borrowing the rest from a bank, you'll increase the size of your portfolio and leverage your potential returns.
- *Nil out-of-pocket costs. Rent & employer contributions could cover the entire cost of the loan.
- Reduced tax rates. Maximum capital gains tax is 10% if the property is sold after a minimum of 12 months, and no capital gains tax is payable if the property is sold during pension phase.
- Reduce fees and costs. - Self-managed super can save you paying considerable fees to fund managers.
*Subject to super balance, income & lenders terms
Contact DPN to see if you qualify for an Investment Property through a Self Managed Super Fund (SMSF) or to find out more about our services.
There is no charge or obligation to use our services. We make our money from the products & properties we research and source for you, negotiated with the suppliers/vendors, saving you time and money. We do not charge an additional finders fee.
You just need to make sure you are happy with the products or properties, otherwise just say 'No thanks' and you will have paid nothing.
To find out what DPN can do for you call us on 1300 72 33 18, or fill in the contact form below and we'll be in touch with you shortly.
Contact us today
“ I was pleased with the way Sam and his team helped me with my first interstate purchase two years ago. They held my hand all the way and tried to make it as stress-free as possible. I still have the property and it is doing well. ” Nancy To
