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Use your SMSF to borrow to purchase residential investment property in Australia.
General advice: This information is general information only and does not constitute any recommendation or advice. The information is current at 17 March 2014, and is subject to change. It has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on the information, consider its appropriateness, having regard to your objectives, financial situation and needs. You should also consider obtaining personalised advice from a professional financial adviser and your accountant before making any financial decisions in relation to the matters discussed in this document.
The rules around borrowing through an SMSF are quite complex so you should speak to your financial planner and professional tax adviser before deciding whether to borrow in order to invest within your SMSF.
Please note: SMSF Investment Property Loans must be referred to a Westpac Panel Solicitor for review of the SMSF Trust Deed and the Property Trust Deed prior to settlement.
|Monthly Loan Maintenance Fee||Nil|
Additional standard legal costs will apply to cover the checking of the SMSF Trust Deed and Property Trust Deed, as well as the preparation of security documents.
|Term||Annual interest rate||Comparison rate1|
|1 year fixed||5.34% p.a.||6.03% p.a.|
|2 year fixed||5.39% p.a.||5.98% p.a.|
|3 year fixed||5.64% p.a.||6% p.a.|
|4 year fixed||6.04% p.a.||6.11% p.a.|
|5 year fixed||6.34% p.a.||6.25% p.a.|
|6 year fixed||6.55% p.a.||6.38% p.a.|
|7 year fixed||7.05% p.a.||6.71% p.a.|
|9 year fixed||7.05% p.a.||6.83% p.a.|
|10 year fixed||7.05% p.a.||6.88% p.a.|
|12 year fixed||7.15% p.a.||7.04% p.a.|