Property has long been recognised as a highly valuable asset class. Investors are keen on buying properties because it represents a lesser challenge to them (everyone is familiar with homes), can be held for long (pure investment rather than mere speculation) and is expected to provide a decent ROI, time and again.
Of late, many investors are using their Superannuation funds to get into the property market. Self-managed Super Fund is a rapidly growing industry and in such a shot time, it has carved a niche for itself. Even while the critics have screamed themselves hoarse over one aspect of it or another, SMSFs have come to well and truly engage our minds.
It is then quite natural that investors look forward to mixing these two weapons for creating a powerful investment strategy for themselves. And this, dear readers, is exactly what’s happening. Many more properties are being bought through the help of SMSF. The strategy can work wonders except that there are a few critical points to consider first. Let us read more into the SMSF borrowing guidelines and also find out that one particular aspect where you can get really stuck (resulting in the erosion of your dollars).
Several thousands among the Australian retiring population are departing from the traditional lifestyle of retirement years. Instead of living a modest life in the cities or just-about-decent life in the suburbs, they are migrating to South East Asia. While a few of them are looking for a cultural crossover and diversity of adventure, a majority is certainly looking at low cost of living in South East Asia as a major plus- one that can give their retirement savings longer legs.
Kelly Emmerton writes an article for Mozo that talks about the growing popularity of the online lenders in the SMSF market and the top SMSF savings accounts. Mozo Expert’s Business Online Savings Account, Arab bank Australia’s Online Savings Account and RaboDirect’s DIY Super High Savings Account are the clear winners in this year’s Mozo Expert’s Choice SMSF Awards. While CUA grabbed the best ongoing bonus rate award, RaboDirect took the best value introductory rate award.
In an article for the Motley Fool, Ryan Newman discusses the retirement nest egg and talks about three ways to boost it. Employer contributions and personal contributions do count but your best bet is what lies in your Super account. If you have the right strategy to grow it, there is nothing like it. It may not be an easy job to consistently beat the market but you can position yourself to do so if you have got the best Australian stocks in your kitty.
Licensing options can be broadly classified into two categories. The first is the limited license and the second is a full Australian Financial Services License (AFSL). The former, the limited license, does allow practitioners to talk about setting up or winding an SMSF. With a limited license, accountants can also talk about a product class. But, they do not have the go ahead to discuss a specific product belonging to that class.
