Australia's leading provider of affordable DIY legal kits
Call our Customer Care Specialists on 1300 728 200

Legal Forum

Welcome to the FREE AussieLegal Forum

This FREE legal forum is supported by participating lawfirms in your local area.
The information contained in this public forum, and any comments made by the administrators, it's appointed mediators, or members of the public are of a general nature and may not be regarded as financial or legal advice in any way. We recommend that you seek formal advice from a practicing solicitor or licensed financial advisor regarding your particular situation. By registering to use this forum you meet the above criteria and agree to abide by all of the above rules and policies.

To be sure we provide you with the most relevant information to your state, please let us know which state you your legal matter resides in:


AussieLegal recommends this law firm:

  FAQ FAQ  Forum Search   Register Register  Login Login

SMSF Investment Property

 Post Reply Post Reply
  Topic Search Topic Search  Topic Options Topic Options
Will09 View Drop Down

Joined: 23/September/2012
Location: Australia
Posts: 5
  Quote Will09 Quote  Post ReplyReply Direct Link To This Post Topic: SMSF Investment Property
    Posted: 16/February/2017 at 10:47
Good morning all. I will start this off stating I still need to sit down with a SMSF/Financial planner.

Just roughly speaking with sums of money - If I purchase a $250,000 holiday let, and I borrow $130,000 from the bank.

Being a seasonal holiday let would be busy in summer and quiet in winter.
Yearly repayments on the loan $20,000
Holiday let year revenue $15,000

Can I contribute the $5,000 gap from my super from my fulltime job?

Is that satisfactory for the auditors/ato or does the holiday let's revenue have to be higher than the total cost of the repayments/upkeep.


Hay View Drop Down

Joined: 06/April/2016
Location: Australia
Posts: 9
  Quote Hay Quote  Post ReplyReply Direct Link To This Post Posted: 20/February/2017 at 12:52
Hi Will
Yes you do need professional advice as buying a property with an SMSF is more complex than general property purchase, and as I understand it banks are less keen to lend money to an SMSF.

Do you already have an SMSF or are you looking to start one?

It is not clear why you need another $5000. If you are still working and not retired then no it doesn't sound as though you could access your super from a super fund that is not an SMSF unless you can roll the money over to an SMSF and use it that way.

You should be aware, if you are not already, that you and your family will not be permitted to stay in the place if it is purchased by the super fund.

I cannot answer the last question which sounds like it is an issue for the bank.

 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Want to save money?

Check out our list of do-it-yourself legal kits.

Need formal advice?

Let us help you find a lawyer who specializes in your particular area of law.

Need further information?

Visit our legal forum where you can ask questions and search for similar topics.