Amit Singh - SMSF Property Investment Specialist

Do not have more borrowing capacity or savings to buy an investment property, using your superannuation money might be the answer.

How is this possible?

Now you can legally buy an investment property using your superannuation money and all you to need to do is create a Self Managed Super Fund (SMSF).

Owning an investment property through an SMSF (Self-Managed Super Fund) with rental income coming in each month is a clever and a tax effective way to generate a consistent, yet passive, income flow & fast-track substantial wealth creation for your comfortable retirement.

SMSF is a private superannuation fund, regulated by the Australian Taxation Office (ATO) that you manage yourself. SMSFs are different to Industry super funds (e.g. HostPlus, REST), Retail super fund (e.g. usually run by banks or investment companies like AMP, Westpac) and Public Service funds (created for employees of Federal and State governments).

When you manage your own super, you put the money you would normally put in a retail or industry super fund into your own SMSF.

SMSFs can have up to six members, who are friends or family.

When you set up an SMSF, you’re in charge – you make the investment decisions for the fund, and you’re held responsible for complying with the super and tax laws.

Please have a read

SMSFs warned on risk of ‘mortgage prison’ With further interest rate rises expected over coming months, some SMSFs may be left trapped in legacy products paying higher interest rates, a prominent SMSF lender has warned. Speaking to SMSF Ad

Due to interest rates rising and uncertain property prices in most areas of Australia, you could be sitting on the fence right now waiting for some clear direction on property purchase.

But what is driving interest rates rise??

It is INFLATION.

If you understand how inflation is controlled by the Reserve Bank, you will start to worry less. Click here to chat with me to explore more.

As you can see from the image below, inflation, like the property clock, operates in a cyclical pattern.

We entered a period of low interest rates and they stayed low for 10 years

Against all expectations, the money we saved during lockdown and the government incentives led to heavy consumer spending and rapid property price rises.

So the RBA goes into ‘We need to fix this mode’…
- Inflation rises
- Interest rates are hiked up
- Mortgages increase
- We have less money
- We stop spending

Again the RBA goes into ‘We need to fix this mode’…
- Inflation drops
- Rates decrease
-We have more money
- We start spending
- Inflation rises
… and the cycle continues.

By the end of this year, it is expected that the cash rate will rise to between 2.5% and 3% with perhaps more increases in early 2023. Thereafter, we are to expect rates to remain on hold with the potential for them to be reduced in mid to late 2023 or early 2024.

This information is general in nature and seek professional advice before making decision. Please reach out to me if you like more information

At Mortgage Empire we serve you better

Do You Really Need $1 Million To Retire? | AustralianSuper How much money do you need to retire? You may have heard people say you need $1 million. Does a one-size-fits-all number actually exist? In this article, we explore how much you need for a comfortable retirement.

Superannuation Changes - Federal Budget 2022-23 | AustralianSuper

The four big changes coming to superannuation on July 1 Millions of Australians will receive higher superannuation payments from their employer on July 1. Here are four big changes that will affect your super.

The past financial year saw most Australians make big losses on their super, where's it headed next? Australians have lost thousands of dollars on their superannuation savings over the past financial year. And in the coming months, with interest rates rising and share markets so volatile, retirement balances could take a bigger hit.

Buy Now Pay Later (BNPL) spending (Afterpay, Zip etc) is on the rise in Australia, but you may jeopardise your next loan if not used sensibly.

Lenders can take into consideration BNPL purchases just as they do with other expenses and debts. They can assess them as a line of credit because you are borrowing money you do not have.

Negative activity on your BNPL account such as missed payments, late payments or defaults may be reported to a credit reporting agency which could affect your credit rating and your ability to secure a home loan in the future.

This is general in nature and please reach out to me for your specific circumstances

At Mortgage Empire we serve you better
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What is is an assessment rate?

An assessment rate, also sometimes known as a buffer, floor, or serviceability rate, is applied to existing and proposed new lending to determine a new loan applicant’s ability to meet repayments if interest rates rise in future.

Lenders will typically add 2-3% buffer to their loan advertised/offered interest rate as part of their assessment of the loan. This is used to see if the borrower can afford the home loan if rates were to change.

Say if an advertised/offered rate is 3%pa, then an assessment rate could be in the range of 5-6%pa depending on lenders differing policies.

Higher the assessment rate, lower you borrow capacity will be.

This is general in nature and please reach out to me for your specific circumstances

At Mortgage Empire we serve you better
https://buff.ly/2FmeOYI





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Australia is proving resilient. We emerge from COVID better than other wealthy nations?

Another sign of property boom, which is about to come.

This is general in nature and please reach out to me for your specific circumstances

At Mortgage Empire we serve you better
https://buff.ly/2FmeOYI


mortgage broker Sydney, aussie mortgage broker, refinance home loan, construction loan, home loans Sydney, mortgage broker blacktown, mortgage broker westmead, home loan Sydney, best mortgage broker Sydney, mortgage broker Parramatta, mortgage broker Wollongong, home loan broker Parramatta, low interest rate home loan, self manage super loan, Refinance home loan Parramatta, mortgage broker Harris Park, investment loan Parramatta, investment loan Liverpool, construction loan Sydney, best mortgage rate Homebush

www.mortaggeempire.com.au