Newspaper article The Chronicle (Toowoomba, Australia)

Property a Popular Option for Self-Managed Super Funds

Newspaper article The Chronicle (Toowoomba, Australia)

Property a Popular Option for Self-Managed Super Funds

Article excerpt

THE tax benefits of owning an investment property within a self-managed superannuation fund can be significant, as investors choose to diversify the range of assets in their portfolio mix.

A SMSF is a long-term investment vehicle that people set up and control themselves, rather than putting their money into a retail or industry superannuation fund.

Having a SMSF gives you the choice of how to invest your superannuation money.

Heritage Bankas head of business banking Gerard White said there had been a lot of interest recently in SMSFs and the investment property option.

aSince late 2012 Heritage has offered fully drawn loans that comply with the relevant SMSF legislation and thereas been strong interest in and take-up of the product,a Mr White said.

aThe competitively priced loans can be used to buy investment property, on commercial terms, including residential, commercial or rural properties.

aThere is a range of options available including loan terms of up to 25 years, variable or fixed interest rates, and interest-only or principal-and-interest loans. …

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