Our client wanted to purchase a property using his Self Managed Super Fund.
Scenario: 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.”