Despite this, many Australians still do not know that it is possible to use some of their superannuation as a deposit to finance the purchase of a residential or commercial investment property with the rest of the funding coming from an SMSF loan.
Many investors have chosen to manage their super themselves using an SMSF and many of these have favoured direct investments in residential or commercial property because they are more tangible than other investments.Not surprisingly SMSFs have been growing in popularity and currently make up more that 30% of the total superannuation assets in Australia.
Whilst there are benefits to buying property through your SMSF, there are also some risks so anyone considering creating a SMSF to purchase property should seek the advice of a qualified financial adviser.
If you have an SMSF or if setting one up is right for you, we would be happy to provide you with more information on the finance options available to buy residential or commercial properties.If you would like to find out more, please reach out today.