Show Notes
Need help buying residential property under an SMSF structure ?
If you have already set up your SMSF, are close to finance approval, or need to move quickly before these proposed new changes take effect, book a FREE discovery call directly with Sky here: https://convergencebuyersagents.com.au/dc-podcast
Emergency Episode In this emergency episode of the Melbourne Property Podcast, Sky breaks down the latest proposed changes to SMSF property lending and what they may mean for investors looking to buy residential property through a self-managed super fund structure.
On 23 June, the Federal Government agreed to support a Greens amendment to ban future limited recourse borrowing arrangements for residential property by superannuation funds. Essentially, this affects the lending structure that allows SMSFs to borrow to buy residential property. The government statement says the change applies to future arrangements, so if you've already purchased this shouldn't apply to you.
Sky explains why this matters, who may still have a window to act, and why urgency should not be confused with rushing into the wrong asset.
This episode covers: What has been announced around SMSF residential property borrowing Why limited recourse borrowing arrangements matter for SMSF investors Why existing SMSF property owners appear to be protected The potential timing window for buyers who are already set up and ready Why SMSF property can be tax effective, but is not suitable for everyone The importance of proper financial, tax, legal and lending advice Why buyers should still apply full due diligence before purchasing How Convergence Buyers Agents may assist eligible SMSF clients who are ready to proceed
Sky also outlines a short term offer for eligible SMSF clients who are genuinely ready to buy. The standard fee remains unchanged, but the upfront engagement fee will be refunded if Convergence is unable to secure a suitable property in time.
This is not about panic buying. It is about acting quickly, strategically and with the right advice around you.
Book your free discovery call with Sky: https://convergencebuyersagents.com.au/dc-podcast
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