1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Self managed super funds may fund home improvement

November 08, 2011

 

This month may see the decision by the Australian Taxation Office (ATO) to allow Self Managed Super Funds (SMSF) investors to renovate their investment properties through their Fund.

The money can’t be borrowed – it must be funded through the SMSF – and it can’t be used to change the fundamental use of the property, such as a house-to-apartment conversion.
 
It may increase the appeal of un-renovated properties, which tend to be less expensive that their renovated counterparts, with Australian Managed Super Funds investors taking a closer look at this market.
 
Whether this ruling does or doesn’t go through right now, it is recognition that people saving and planning for their financial future should have the opportunity to buy and improve an investment property’s value through renovations.
 
Buying real estate through SMSF is a growing trend in Australia according to ATO figures.
 
If a new ruling doesn’t come down this month, it is likely to stay on the ATO radar, and is yet another reason for investors to work with a real estate network that remains abreast of change and keeps them informed.

Latest Articles

LJ Hooker lifts appraisals for peak selling season

LJ Hooker’s spring market campaign, fronted by The Block’s Darren Palmer, has helped ...
read more

Question: Is a diverse marketing campaign really worth it?

Answer: Good marketing is essential to selling property. It’s about making your property ...
read more

Conditions approach ‘peak’ for sellers

Research undertaken by LJ Hooker suggests the majority of Australia’s markets are leaning in ...
read more

Styling can attract good tenants, too

A survey of LJ Hooker’s top sales agents showed more than half believe thoughtful styling can ...
read more

How are rentals performing?

Median rents across Australia’s various markets were performing at varying levels over ...
read more

Will your holiday rental attract top tenants this summer?

Do you own or are considering buying a holiday rental? LJ Hooker points out the key things to ...
read more