Self Managed Super Fund loans for property likely to grow into the future
After the Government rejected the Murray Financial Services Inquiry recommendation to ban on Self Managed Super Fund borrowing to buy property in October it has paved the way for further growth in this sector. The ban of borrowing in a Self Managed Super Fund is one of only two recommendations out of the 44 that the government rejected in response to the inquiry.
This is good news for SMSFs and gives people more options for investment with their SMSF.
Investment in property through SMSFs is likely to increase into the future as certainty in the sector may encourage not just more SMSF operators to consider this type of investing but also as banks and lenders look to more actively compete in this area after being given certainty by the government.
Both borrowing to invest in residential and commercial property are expected to grow into the future.
Oak Laurel Mortgage Brokers – SMSF loans made easy!