- Dominique DurandParticipant@dominique-durandJoin Date: 2021Post Count: 0
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 advanceTerrywParticipant@terrywJoin Date: 2001Post Count: 16,213David HallParticipant@wiggles2Join Date: 2014Post Count: 66
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.JaxonParticipant@jaxonaJoin Date: 2014Post Count: 284
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!Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
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.
Yours in Finance