Let’s talk SMSF (self-managed super fund)

To buy property in a SMSF in Queensland, you need to have sufficient funds and a trust deed in place in order to purchase property in a self-managed super fund.

The primary benefit of buying property in a superannuation account is that it provides a potential tax-effective investment option, as any rental income or capital gains received would be subject to tax at a concessionary rate of 15%. Your accountant or financial advisor can discuss these further in-depth with you to determine how your specific circumstances may be impacted.

In addition, any funds used to purchase the property must remain in the fund, helping to protect your retirement savings.

From our experience, purchasing a high yield property such as a dual key or duplex in your SMSF is a really good financial option and has many benefits which are listed below:

Potentially Higher Returns: Dual key and duplex investments often provide higher returns than traditional investments, as investors benefit from rental incomes on two separate dwellings contained within the same structure.

Geographic Diversification: If you’re looking to diversify your SMSF, investing in dual key or duplex properties is a great option. You can choose to purchase properties in different areas and regions, which can help spread the risk of the investment.

Potential Tax Advantages: There may be potential tax benefits associated with your dual-key or duplex investment. Like we mentioned above, please discuss with your accountant or financial advisor.

Potential Capital Growth: Investing in a dual-key or duplex can provide potential for capital growth as property prices in the area increase. This growth can help increase the value of your SMSF portfolio in the long-term.

Do you want to chat more about SMSF and property investing? Get in touch with Baxter & Mason Property Buyers Agent Sunshine Coast