The increasing popularity of buying property in super
Buying property in super is a popular choice for both families and business owners looking to leverage tax effective property investment opportunities available to SMSFs. And there are multiple ways to do this depending on your individual goals and circumstances.
Under the right circumstances, investing in property through an SMSF can have several advantages including tax concessions and potential to build wealth. But investing in property through superannuation is complex and highly regulated and requires a team of experts to help ensure that your SMSF property purchase is a well-informed and secure decision.
From understanding the strict compliance requirements of the Sole Purpose Test and understanding related party rules to managing property acquisition costs and lending needs, Findex has a holistic team of accountants, financial advisers and lending experts working together, to manage every stage of the SMSF property investment journey with you.
With the maximum number of members allowed in an SMSF expanding from four to six people, an increasing number of SMSFs are favouring direct property investments over direct equities*.
Increasing the SMSF membership limit has opened doors for families and businesses to combine their resources within an SMSF, providing a greater asset pool for them to leverage their way into competitive residential and commercial property markets. Consequently, SMSFs with five or more members are seizing this opportunity by venturing into SMSF property purchases on a larger scale than ever before.
In the right situation, buying property in super can provide substantial tax advantages and long-term wealth-building potential. Our experienced SMSF experts can guide you through your SMSF property investment journey to help ensure you are well-informed and prepared.
Speak to our SMSF and superannuation specialists to learn how you can leverage an SMSF to seize opportunities in property investment.
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