A SMSF home loan is a mortgage that allows a self-managed superannuation fund (SMSF) in Australia to purchase residential or commercial property as an investment.

SMSF trustees can apply for a SMSF home loan, provided they meet certain eligibility criteria and comply with SMSF regulations.

SMSF home loans can be used to purchase residential properties, such as houses, apartments, or townhouses, but not for residential properties that will be used for personal purposes. Commercial properties can also be purchased with an SMSF loan, these can be occupied by the related parties of the SMSF, as long as market rent is paid.

The amount you can borrow with a SMSF home loan depends on your SMSF’s financial position, the lender’s policies, and the property’s value. Generally, SMSFs can generally borrow up to 80% of the property’s value, however, at Tradies Finance we can lend up to 90% on residential and 80% on commercial properties.

Interest rates for SMSF home loans vary depending on the property type, the LVR, and market conditions. Rates may be fixed or variable.

Yes, there are restrictions. Renovations or improvements are not allowed on properties within an SMSF. Any work done on a property can only be done if considered repairs.

No, you cannot live in a property purchased with an SMSF home loan. The property must be solely for investment purposes until you reach retirement age. You can however occupy a commercial premises as long as market rent is paid.

You can apply for these loans through Tradies Finance as we are experienced in SMSF lending and have specialists in this area on hand to help you. Required documentation typically includes financial statements and details of any existing mortgages.