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Elite Property Finance is your trusted partner for property and commercial finance solutions in Sydney. We specialise in helping self-managed super funds (SMSFs) obtain loans to invest in property. We have a team of experienced professionals who can help you through the entire process, from setting up your SMSF to obtaining a loan and managing your investment property.
Elite Property Finance is a leading expert in SMSF strategies. We can help you understand how SMSF loans work and how they can help you achieve your property investment goals.
SMSFs can borrow money to invest in property, but there are limits on the amount that can be borrowed. Lenders will typically lend up to 80% of the value of a residential property and 70% of the value of a commercial property.
SMSF loan repayment can be serviced by any combination of rental income, superannuation contributions and additional super contributions.
The cost of setting up a SMSF will vary depending on the accountant you use, but you should budget between $2,000 and $4,000.
You will need at least 20% for residential properties and 30% for commercial properties plus associated purchase costs, such as government and lender fees (usually around 5%).
Yes, you can use the money in your existing super to make up for the 20% required for the purchase and SMSF loan.
The SMSF (more specifically its beneficiaries) will need to pay all the outgoings associated with the property, such as mortgage repayments, lender fees and charges, council rates, strata fees and water charges, real estate property costs and insurance premiums.
The trustee can be either an individual or a trustee company. All members are required to be either a trustee or directors of the trustee company.
As a trustee, you must lodge a ‘SMSF Annual Return’ for the fund and pay an annual supervisory levy to the ATO.
No, construction or development loans are not available on SMSFs, neither are borrowed funds for renovations. However, the SMSF can pay for renovations out of its own funds.
Interested in our services? We’re here to help! Reach out to us on
0420 987 683 for strategic SMSF guidance.