SMSF property investment can be a great option for those looking to manager their own Superannuation investments. At New Property Australia we have numerous investment options that are eligible for SMSF purchases and can refer those seeking Superannuation investment advice to the relevant qualified advisors.
When purchasing a new property with your SMSF you must ensure that you comply with the rules. This includes ensuring that the property meets the sole purpose test, is not acquired from a related party, is not lived in by a related party, and is not rented by a related party.
If there is borrowing for the purchase of the property then there are further strict borrowing conditions which must be adhered to. The loan must be a limited recourse borrowing arrangement which means that you are only able to purchase a single asset. This means that if you are purchasing a new property it must be on a single contract and not a split contract (ie land contract and construction contract).
At New Property Australia we are able to offer a range of SMSF eligible new property investments including apartments, townhouses, as well as SMSF house and land packages. We also have the key relationships to refer and guide you to the required industry professionals to make your SMSF property investment journey a smooth one. These include financial planning professionals, accountants, finance brokers and advisors.
Why wait? Get in touch today...
The team at New Property Australia is readily available to discuss your property investment goals and what the next steps in your property investment journey should be.