In recent years, superannuation funds have developed beyond their original purpose as a means of saving money for retirement. Now, your super balance can be used to fund your purchase of an investment property.
Using your super to buy an investment property does come with strict guidelines and is not available to everyone. This is because only those with a Self-Managed Super Fund (SMSF), or those who have tapped into the First Home Super Saver (FHSS) scheme, can use their super to buy property.
Many Australians find this option appealing due to the benefits it provides as an alternative to taking out a loan, as well as the flexibility it provides in utilising their finances. Using super to begin property investing may be the next step in growing your investment strategy.
How an SMSF loan can help
With Homestar Finance, you can break into the investing market with our property SMSF loans. Our team of loan specialists will work with you to get you the best interest rates and loan-to-value ratio for your dream investment property.
The process works just like any other home loan, and our specialists will be there every step of the way to support you. Get started today by calling us at 1300 462 209, or by contacting us online.
Disclaimer: This article is not intended as legal, financial or investment advice and should not be construed or relied on as such. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered Australian legal practitioner or financial or investment advisor.
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