How To Buy Property Using Superannuation
Published May 05, 2017 09:23
Although recently proposed changes to the law that would have allowed accessing your superannuation as a house deposit where rejected, it is still possible to do this by setting up a self managed super fund (SMSF).
On your own, or with up to three other people you can use a SMSF to essentially take control of your financial future and decide where you would like to invest your superannuation money.
If property is your choice you can use your super to buy residential or commercial real estate with the assistance of a bank loan that can be up to 80 percent of the property value.
In fairness there is a bit of work involved with setting these up and it will take time and you will need to make some important decisions along the way - but if done right, you can end up with a greater amount of wealth for your retirement.
For more information visit What property can I buy in my SMSF