Search found 3 matches

by Su Lin
Wed Sep 11, 2019 2:44 pm
Forum: Home Loan Forum
Topic: How much super do I need to purchase a property with a SMSF?
Replies: 5
Views: 37819

Re: How much super do I need to purchase a property with a SMSF?

Why is the liquidity buffer so high in your calculation? $27,000 for a $360,000 loan? Are there lenders that don’t have this requirement?
by Su Lin
Wed Sep 11, 2019 1:33 pm
Forum: Home Loan Forum
Topic: How much super do I need to purchase a property with a SMSF?
Replies: 5
Views: 37819

Re: How much super do I need to purchase a property with a SMSF?

Your page mentions the banks will look at the last two years contribution plus the income from the rental income. Two questions, how much of the rental income is used? And can I declare on the application that I’ll be making extra contribution to prove the trust can service the loan?
by Su Lin
Tue Sep 10, 2019 7:40 pm
Forum: Home Loan Forum
Topic: How much super do I need to purchase a property with a SMSF?
Replies: 5
Views: 37819

How much super do I need to purchase a property with a SMSF?

Hi, I set up my SMSF a few years ago with both me and my wife as the trustees. The fund’s current investment are mostly in shares, bonds and term deposits. We’re looking to diversify our investment and like to include some investment real estate. Let’s say I’m looking to purchase a $450,000 property...