Buying with super

Viewing 4 posts - 1 through 4 (of 4 total)

Dominique Durand
Participant
@dominique-durand
Join Date: 2021
Post Count: 0
February 7, 2021 - 6:42 pm
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
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
February 7, 2021 - 9:50 pm
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
https://terryw.com.au/
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://Terryw.com.au/
David Hall
Participant
@wiggles2
Join Date: 2014
Post Count: 66
February 10, 2021 - 3:42 pm
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.

David Hall | Momentum Wealth
http://www.momentumwealth.com.au/
Email Me | Phone Me
Buyers Agent
Jaxon
Participant
@jaxona
Join Date: 2014
Post Count: 284
February 15, 2021 - 2:12 pm
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 Me
JPA Financial Services Pty Ltd