1 Comments Super, Managed Funds, Wealth, Insurance, SMSF, Pensions
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.