Using Super to Buy Investment Properties Melbourne
Using Super to Buy Investment Properties Melbourne in Australia has been a key part of many people’s retirement strategies. With high capital growth and rental income, property is seen as a stable asset that can provide steady returns. One way of investing in property is through a Self Managed Super Fund (SMSF). The SMSF has become a popular vehicle for buying investment properties, offering tax advantages.
A SMSF can purchase a property outright or with the help of a loan. The SMSF can then rent the property out, allowing the funds to generate regular income for future use. However, before you decide to invest in property using your SMSF, there are a few things to consider.
Supercharged Investments: A Comprehensive Guide to Using Your Super to Buy Investment Properties in Melbourne
Firstly, it’s important to find a property that has strong rental demand. This means that the property is located within a certain radius of a major city and has a low vacancy rate. It’s also recommended to look at new property, as these are generally held under builders warranty and will have the lowest ongoing maintenance costs.
Another thing to consider is that SMSFs need to comply with strict super and tax laws. This is why it’s essential to seek professional advice before you start any SMSF property investments.
If you’re looking to invest in property with your SMSF, contact the team at Properties & Pathways today to learn more about the options available. Remember, we are not financial planners or tax experts, so please consult with a licensed financial adviser before making any decisions.