Use your Superannuation to buy real property
In 2007 changes to the Superannuation Act made buying property through a Self-Managed Super Funds (SMSF’s) possible.
Currently SMSF’s represent 32% of the total Superannuation funds in Australia with over $430 Billion invested.
With the recent problems being caused by the Global Financial Crisis and the effect it has had on share markets around the World, it is no wonder Australians are looking for more secure “Bricks & Mortar” investments to help with their retirement plans.
Property bought through an SMSF structure is not subject to Capital Gains Tax or income tax after retirement. Add to that leveraging up to 80% through the banks and your tenant and employer contribution help you with your retirement plans.
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