Using your superannuation to buy property through a Self Managed Super Fund (SMSF).
I often get the question - "can I use my super to invest in property"? The short answer is yes, but there are some limitations. A growing number of Australians want to take more control over their super and their investment decisions to allow them the freedom upon retirement. There are certainly many benefits to using your super to invest in property, including potential tax benefits. However before you jump in to this strategy there are also many considerations (including co
Are you a First Home buyer? How much deposit do you need to buy your first home?
If you ask your parents, they will probably tell you that you will need at least 20% deposit for your first home. Thankfully times have changed in the last 10-20 years and most lenders now only need 5% deposit. This means for a house price of $500,000 you will need $25,000 deposit. You may also need to have additional funds to cover the purchase costs like stamp duty, legal fees, etc. The more savings you can put into the home, the better off you will be. Lenders look at what
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