I am not new to investing but new to trying to purchase a property with superannuation, is there anyone whom can direct me in the right direction i don’t have much super but would there be some strategies i could try?
Thanks in advance
someone would generally need an AFSL or be an authorised rep to advise. Best to see a financial planner.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
You will also need to consider that in todays environment that there is a limited pool of banks willing to lend in this space. As a result, it comes with a high interest rate (I’ve seen 1 bank at 6%) and a much higher loan to value ratio.
Hey Dominique,
Yes, Advisers setup, you need to ensure this is in your best interest and you are aware of all implications and the actual potential outcome stacked against another strategy.Wish you all the best!
Jaxon | Jaxon Avery – Financial Adviser
http://www.jpafinancialservices.com.au
Email Me | Phone MeJPA Financial Services Pty Ltd
Could always look at a SMSF Rent to buy option if you dont have enough to put down 30% deposit and Security Trustee costs etc
Be surprised how many of these we are now doing where the SMSF has limited servicing from the members income (i.e self employed etc) or security location not sufficient.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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