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Except it seems if you are selling on behalf of a builder, a developer.. And then it can get messy. Heaps of people sell / introduce / facilitate / market / advertise / display property without a license. But NSW Law requires anyone selling RE to hold a license even if its a qualified license...

Good advice !! Except the lawyer / deed thing. Waste of time. The bank will send it to THEIR lawyers (You may be lucky to choose between Gadens and Gadens) who will do it anyway AND still charge you.

The major SMSF lenders dont do LMI. As the loan is non-recourse I believe such a policy is contrary to SMSF law. Its extends the recourse beyond the asset. I recall a meeting with a lawyer who advises most of the banks on this product area and she said something similiar. However if you think...

1. Its a home unit not a house 2. You cant subdivide a home unit 3. A home unit can be on two "stapled" seperate titles and still be OK with limited recourse SMSF loans. This isnt always a concern

One issue often overlooked by SMSFs buying property relates to cashflow. You didnt mention borrowing. Lets assume you use cash. If the sole or predominant asset in the fund is a property and the member/s are in pension phase you need to consider liquidity to pay minimum pensions. Min pensions...