Although less than 5% of Australia’s population has a Self-Managed Super Fund (SMSF), they account for approximately 26% of the $3.3 trillion invested in superannuation.* An increasing number of Australians using their SMSF to invest in commercial property represents a significant opportunity for commercial brokers.
There are many advantages for your customers, including:
- 15% superannuation income tax rate
- Ability to lease their commercial property back to themselves, therefore paying rent into their SMSF rather than to a landlord
- Having a larger deposit allows SMSF trustees to avoid Lenders Mortgage Insurance (LMI)
- SMSF loans have become a lot simpler for brokers
AFG has a broad range of SMSF lenders on our panel for both residential and commercial lending which you can see below.
Residential Property SMSF
AFG Commercial powered by Thinktank
Bank of Queensland / Specialist
Granite Home Loans
La Trobe
Prime Capital
AFG Retro
BMM
Firstmac
Bluestone
Liberty
Commercial Property SMSF
AFG Commercial powered by Thinktank
Bank of Queensland / Specialist
Granite Home Loans
La Trobe
Liberty
Prime Capital
*SMSF statistics: 1.1 million members with $869 billion in super (superguide.com.au)
Please note AFG does not provide tax, legal or accounting advice. Any information contained in this article is of a general nature only and does not take into account the objectives, financial situation or need of any particular person and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Therefore, before making any decision, you should consider the information with regard to those matters and consult your own tax, legal and accounting advisors before engaging in or considering the appropriateness of any transaction.
