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When to buy property with a superannuation fund?
Now many of you might be seeking a good source of long term income after you get retired from your job or profession. So here you can choose the option of using super to buy investment property.
• This fund is also called superannuation fund with which you can enjoy a passive source of income after getting retired from your job.
• However here it is very much essential to know all the facts and things about a superannuation fund.
• Here you have to create a property trustee when you are taking help from SMSF to borrow money and buy any kind of real estate property with it.
• With the support of superannuation fund you can also manage your property well after buying it.
• However you will be given the ownership of your bought property after you take retirement from your profession.
The benefits of buying assets with a super fund
Using super to buy investment property can give you many additional benefits. You might see that when you are paying income tax on yearly basis then you might also pay property tax.
So here when you buy any asset with the help of a super fund then here you have to pay only 15% income tax and that too on the basis of rental income that you are earning through SMSF. This could be the best financial benefit for you. This could even prove to be the best investment in any property when you are taking money from super fund to buy any kind of property.
What is the reason to approach property investment companies?
Here you can see that property investment companies in Australia can help you well when you are a fresher in the real estate market. These companies have all the info about when the market is on hike and when the market is down.
So here when you know about the current trends of the market then you can buy any property at a low cost and sell the same one at a high desired cost price. This is the best feature of real estate companies.