Bricks and mortar. It is a term thrown around so often. There is also lots of talk about investing in said bricks and mortar. But it can all be a bit overwhelming, so we have gone straight to the experts at Turner Real Estate to decode the mambo jambo!
As more and more people are looking for smart ways to prepare for retirement, buying property through super may be the way to go…
“As agents, we are seeing an increasing number of buyers purchasing property through their superannuation as they feel it gives them better control of their financial destiny” Robin Turner, Director of Turner Real Estate says.
So what do you actually need to know?
- When it comes to which properties you can buy with your super, residential and commercial get the green light. Vacant land and property under construction are a no go.
- Be smart about it and do your research on how much you need to start investing in property. “Recent comments from financiers are that the current loan to value ratios stand as 80% for residential property and 72% for commercial property.”
- Before you jump the gun on buying property through your super, you need to structure the heck out of that fund. “This will allow you to buy property with confidence and ensure that the type of property you buy caters for your investment strategy.”
- Get the right advice about the right structure for your fund because the options available can have a fruitful return. “As experienced agents, we strongly recommend employing a professional property management agency to manage the tenancy and ensure that you are receiving the best available rental return.”
Want to learn more? Turner Real Estate will be hosting an hour long session with Exel Super on how to build your wealth through a self managed super fund on Monday 7 March – numbers are limited to only 20 people so it is first in best dressed! FYI you can register for the session by calling Michael Nikou on 0407 722 016 or (08) 8468 1000.
