| dark bg The Breakdown
Here’s what we started with… - SMSF Starting Balance - $135,000
- Darren's Income - $90,000 pa
- Alison's Income - $75,000 pa
- Age of Applicants – 45 and 44 years old
| light bg And here’s how it finished… - VIC Property Price - $310,000 (1 bed / 1 bath / 1 car apartment)
- Loan Amount - $217,000
- Deposit Required - $93,000
- Costs - $20,000 (Stamp Duty / Conveyancer / Lender)
Total out of SMSF = $113,000 | | dark bg The Outcome They still had $22,000 left in their Super Fund after the purchase. We worked with Superannuation Warehouse who set up the Super Fund. And RWE who found the great-value property. The rent and their continuing Employer Super Contributions will more than cover the loan repayments. All costs including rates and strata will always come from their SMSF account. They're now looking forward to retirement. |
