All Topics / Help Needed! / Buying with super

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  • Dominique Durand
    Participant
    @dominique-durand
    Join Date: 2021
    Post 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 advance

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    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/

    Profile photo of David HallDavid Hall
    Participant
    @wiggles2
    Join Date: 2014
    Post 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.

     

    David Hall | Momentum Wealth
    http://www.momentumwealth.com.au/
    Email Me | Phone Me

    Buyers Agent

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    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

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

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