Investing

How can I renovate to get the greatest return? Renovating a property can pay dividends, but you owe it to yourself and your wallet to make sure whatever projects yo...
Read more

I already own property. Can I add this to my SMSF?

This will depend on whether the property is residential or commercial. You can buy a commercial property that you already own and even borrow against it, as long as you meet the borrowing criteria i.e. a maximum Loan to Valuation Ratio of 72% for residential property and 63% for Commercial Property.

If you want to buy a residential property, it cannot be owned by a related party as it must be ‘arms length’ - it must be purchased from and leased to an unrelated third party. It is recommended that you get independent professional financial advice before making any property investment decisions.
Back to questions
AMO