Search results

You can't purchase a residential property and rent out it out to yourself or live in it but you can purchase a commercial property and rent it out to yourself. Strict agreement must be in place though.

You can use 100% of your super - I think Moyjo may have gone with Macquarie where by they require a 10% surplus in super.

Who has told you this?

I actually enjoy SMSF's - the biggest issue I have with SMSF loans is when the accountant or conveyancer stuff it up with the incorrect name on the COS. 1 in 3 application are stuffed up by people who just don't have a clue. If you are looking at resi - I think $100k is adequate but the issue...

As the cliche goes - be careful putting all your eggs in the one basket. Having said that you can definitely purchase something decent with $100k in super. You need about 25% if you are considering a resi purchase and a little more if its commercial. The are massive benefits under an SMSF...