Buying with your SMSF

Suburb: Hove, South Australia

Client Type: SMSF investor

Service: Search > Assess > Negotiate

Budget: $530,000

Purchase Price: $515,000

Property: 3 bed, 2 bath Townhouse

Agent Listing: three60 Property Group

Scenario: Our client wanted to purchase a property using his Self Managed Super Fund. To purchase a property through your SMSF you can either have enough money in your super or you can borrow f rom your bank. Ideally, a property purchased through your SMSF should be neutral or positively geared. We recommend you speak to an expert before making any decisions.

Our SMSF purchaser had a budget of $530k and very specific requirements of a set and forget property with minimal outgoings while being in the Brighton High School Zone.

Property: We found our client the ideal property. A new 3 bedroom, 2 bathroom home close to the beach, public transport and within the sought after Brighton High School Zone

Purchase: We managed to secure a private inspection for my client on a Tuesday afternoon with negotiations commencing immediately. We ended up securing the property well within budget for a very happy client. With a strong rental yield of 5.2%, depreciation benefits and warranties that come along with a new home, this was the perfect fit as an investment for a SMSF purchase.

“Katherine was extremely professional, timely in responses, personal and easy to deal with.”

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