If you have a Self-Managed Super Fund (SMSF), or you’re thinking about setting one up, there are some important changes to know about before investing in property.
What’s changed? SMSFs can no longer borrow money to buy residential property,
- You can still purchase residential property through your SMSF if you have enough money in your super to buy it outright.
- The borrowing rules for residential property have changed, but SMSFs can still own residential property.
What about commercial property? The rules are different for commercial property,
- SMSFs can still borrow to purchase commercial property.
- This means commercial property investment options remain the same.
Why does this matter?
- Residential and commercial property are now treated differently under the SMSF rules.
- If you’re planning to invest through your super, it’s important to understand which rules apply to your situation.
- Even small changes to super and lending rules can have a big impact on your investment strategy.
Need advice?
Thinking about buying property through your SMSF? Getting the right advice early can help you understand your options and avoid costly mistakes. Reach out if you’d like to discuss how these changes could affect your future property plans.
Important Notice
The information contained in this article is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether the information is appropriate for your circumstances before acting on it and seek advice from a qualified professional.
Personal financial advice can only be provided after considering your individual circumstances and providing the appropriate disclosure documentation. VJC Wealth accepts no liability to any party for any loss arising from reliance on this information unless it has been provided as part of a formal advice engagement.
