[av_section min_height=’custom’ min_height_pc=’25’ min_height_px=’230px’ padding=’default’ shadow=’no-border-styling’ bottom_border=’no-border-styling’ bottom_border_diagonal_color=’#333333′ bottom_border_diagonal_direction=” bottom_border_style=” custom_margin=’0px’ custom_margin_sync=’true’ custom_arrow_bg=” id=” color=’main_color’ background=’bg_color’ custom_bg=’#ffde59′ background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’diagonal_tb’ src=” attachment=” attachment_size=” attach=’scroll’ position=’center center’ repeat=’stretch’ video=” video_ratio=’16:9′ overlay_opacity=’0.6′ overlay_color=’#084a79′ overlay_pattern=” overlay_custom_pattern=” av_element_hidden_in_editor=’0′ av_uid=’av-145nae’ custom_class=”]

[av_one_full first min_height=” vertical_alignment=’av-align-top’ space=” custom_margin=’aviaTBcustom_margin’ margin=’0px’ margin_sync=’true’ link=” linktarget=” link_hover=” padding=’0px’ padding_sync=’true’ border=” border_color=” radius=’0px’ radius_sync=’true’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” attachment=” attachment_size=” background_position=’top left’ background_repeat=’no-repeat’ animation=’left-to-right’ mobile_breaking=” mobile_display=” av_uid=’av-jgf3pjem’]

[av_heading heading=’The News Brief_20210203′ tag=’h1′ style=’blockquote modern-quote modern-centered’ subheading_active=’subheading_below’ show_icon=” icon=’ue800′ font=” size=’6vw’ av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=’20’ av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#000000′ icon_color=” margin=’0′ margin_sync=’true’ padding=’0′ icon_padding=’10’ link=’manually,http://’ link_target=” id=” custom_class=” av_uid=’av-kknajvyy’ admin_preview_bg=’rgb(34, 34, 34)’][/av_heading]

[/av_one_full][/av_section][av_one_third first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ row_boxshadow=” row_boxshadow_color=” row_boxshadow_width=’10’ link=” linktarget=” link_hover=” title_attr=” alt_attr=” padding=’0px’ highlight=” highlight_size=” border=” border_color=” radius=’0px’ column_boxshadow=” column_boxshadow_color=” column_boxshadow_width=’10’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” background_position=’top left’ background_repeat=’no-repeat’ animation=” mobile_breaking=” mobile_display=” av_uid=’av-g8cs0t’][/av_one_third]

[av_one_third min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ row_boxshadow=” row_boxshadow_color=” row_boxshadow_width=’10’ link=” linktarget=” link_hover=” title_attr=” alt_attr=” padding=’0px’ highlight=” highlight_size=” border=” border_color=” radius=’0px’ column_boxshadow=” column_boxshadow_color=” column_boxshadow_width=’10’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” background_position=’top left’ background_repeat=’no-repeat’ animation=” mobile_breaking=” mobile_display=” av_uid=’av-hh2n9p’]
[av_social_share title=’Share this story to your friends’ style=’minimal’ buttons=” av_uid=’av-k7zlpjtt’ custom_class=” admin_preview_bg=”]
[/av_one_third]

[av_one_third min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ row_boxshadow=” row_boxshadow_color=” row_boxshadow_width=’10’ link=” linktarget=” link_hover=” title_attr=” alt_attr=” padding=’0px’ highlight=” highlight_size=” border=” border_color=” radius=’0px’ column_boxshadow=” column_boxshadow_color=” column_boxshadow_width=’10’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” background_position=’top left’ background_repeat=’no-repeat’ animation=” mobile_breaking=” mobile_display=” av_uid=’av-jhgqpp’][/av_one_third]

[av_section min_height=” min_height_pc=’25’ min_height_px=’500px’ padding=’no-padding’ shadow=’no-border-styling’ bottom_border=’no-border-styling’ bottom_border_diagonal_color=’#333333′ bottom_border_diagonal_direction=” bottom_border_style=” margin=’aviaTBmargin’ custom_margin=’50px’ custom_margin_sync=’true’ custom_arrow_bg=” id=’tax1′ color=’main_color’ background=’bg_color’ custom_bg=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” attachment=” attachment_size=” attach=’scroll’ position=’top left’ repeat=’no-repeat’ video=” video_ratio=’16:9′ overlay_opacity=’0.5′ overlay_color=” overlay_pattern=” overlay_custom_pattern=” av_element_hidden_in_editor=’0′ av_uid=’av-qet8u’ custom_class=”]

[av_one_full first min_height=” vertical_alignment=’av-align-top’ space=” custom_margin=’aviaTBcustom_margin’ margin=’0px’ margin_sync=’true’ row_boxshadow_color=” row_boxshadow_width=’10’ link=” linktarget=” link_hover=’opacity80′ title_attr=” alt_attr=” padding=’0px’ padding_sync=’true’ highlight_size=’1.1′ border=” border_color=’#f2f2f2′ radius=’3px’ radius_sync=’true’ column_boxshadow_color=” column_boxshadow_width=’10’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’diagonal_bt’ src=” attachment=” attachment_size=” background_position=’top left’ background_repeat=’no-repeat’ animation=’left-to-right’ mobile_breaking=” mobile_display=” av_uid=’av-9wkhy’ custom_class=”]

[av_heading heading=’JobMaker hiring credit’ tag=’h1′ style=” subheading_active=” show_icon=” icon=’ue800′ font=” size=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=’15’ av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=” custom_font=” icon_color=” margin=” margin_sync=’true’ padding=’10’ icon_padding=’10’ link=’manually,http://’ link_target=” id=” custom_class=” av_uid=’av-kknalhxt’ admin_preview_bg=”][/av_heading]

[av_textblock size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” id=” custom_class=” av_uid=’av-kb8nf8y1′ admin_preview_bg=”]
The JobMaker Hiring Credit scheme (“JobMaker”) is a new government incentive in response to the COVID-19 economic crisis. Eligible employers can access JobMaker for each eligible additional employee aged 16 to 35 they hire between 7 October 2020 and 6 October 2021. The program will last for 2 years until 6 October 2022.

Are you eligible?

To be eligible for JobMaker, you must:

Certain categories of employer are not eligible, for example, companies in liquidation or provisional liquidation, individuals who have entered bankruptcy, major banks and Australian government agencies.

Payroll and headcount conditions

You must employ one or more eligible additional employees, resulting in a genuine increase in both:

An individual is an “eligible additional employee” if they:

The employee must also provide you with a notice containing relevant information.

Certain individuals cannot qualify as an eligible additional employee, including:

Registration and claims

You must register before the end of the first JobMaker period you are claiming for (see the key dates below). For example, if you want to make a claim for the first JobMaker period (7 October 2020 to 6 January 2021), you must register by 30 April 2021.

You can claim JobMaker from 1 February 2021. You can only claim JobMaker for each additional eligible employee for up to 12 months from the time they commence employment.

You will need to provide certain information to the ATO about each additional eligible employee, including their full name, date of birth and tax file number. You will also need to provide certain information about your business, such as headcount and payroll expenses.

How much do you receive?

The amount of JobMaker you receive depends on the age of the eligible additional employee when they commence employment with you.

You may receive up to $200 per week for each eligible additional employee aged 16 to 29 and up to $100 per week for each eligible additional employee aged 30 to 35.

Key dates

Dates for JobMaker periods, STP reporting and claim periods
Period JobMaker period  STP reporting due date Claim period
1 7 October 2020 – 6 January 2021 27 April 2021 1 February 2021 – 30 April 2021
2 7 January 2021 – 6 April 2021 28 July 2021 1 May 2021 – 31 July 2021
3 7 April 2021 – 6 July 2021 28 October 2021 1 August 2021 – 31 October 2021
4 7 July 2021 – 6 October 2021 28 January 2022 1 November 2021 – 31 January 2022
5 7 October 2021 – 6 January 2022 27 April 2022 1 February 2022 – 30 April 2022
6 7 January 2022 – 6 April 2022 28 July 2022 1 May 2022 – 31 July 2022
7 7 April 2022 – 6 July 2022 28 October 2022 1 August 2022 – 31 October 2022
8 7 July 2022 – 6 October 2022 28 January 2023 1 November 2022 – 31 January 2023

(Table from the ATO website)

Integrity measures

You will not be eligible for JobMaker if you enter into an arrangement to artificially inflate your headcount or payroll, by terminating or reducing the hours of an existing employee in an attempt to access JobMaker or increase payments.

If you claim JobMaker, you will not be able to claim other Australian Government wage subsidies, such as the Supporting Apprentices and Trainees Wage subsidy and the Australian Apprentice Wage subsidy.

Tax consequences

All JobMaker payments are assessable as ordinary income. Salary and wages paid to employees that are subsidised by JobMaker continue to be deductible.

JobMaker is:

Tip! Talk to your tax adviser if you think you may qualify for JobMaker.
[/av_textblock]

[/av_one_full][/av_section][av_section min_height=” min_height_pc=’25’ min_height_px=’500px’ padding=’no-padding’ shadow=’no-border-styling’ bottom_border=’no-border-styling’ bottom_border_diagonal_color=’#333333′ bottom_border_diagonal_direction=” bottom_border_style=” margin=’aviaTBmargin’ custom_margin=’50px’ custom_margin_sync=’true’ custom_arrow_bg=” id=’property’ color=’main_color’ background=’bg_color’ custom_bg=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” attachment=” attachment_size=” attach=’scroll’ position=’top left’ repeat=’no-repeat’ video=” video_ratio=’16:9′ overlay_opacity=’0.5′ overlay_color=” overlay_pattern=” overlay_custom_pattern=” av_element_hidden_in_editor=’0′ av_uid=’av-qet8u’ custom_class=”]

[av_one_full first min_height=” vertical_alignment=’av-align-top’ space=” custom_margin=’aviaTBcustom_margin’ margin=’0px’ margin_sync=’true’ row_boxshadow_color=” row_boxshadow_width=’10’ link=” linktarget=” link_hover=’opacity80′ title_attr=” alt_attr=” padding=’0px’ padding_sync=’true’ highlight_size=’1.1′ border=” border_color=’#f2f2f2′ radius=’3px’ radius_sync=’true’ column_boxshadow_color=” column_boxshadow_width=’10’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’diagonal_bt’ src=” attachment=” attachment_size=” background_position=’top left’ background_repeat=’no-repeat’ animation=’left-to-right’ mobile_breaking=” mobile_display=” av_uid=’av-9wkhy’ custom_class=”]

[av_heading heading=’Property prices rise while loan commitments soar’ tag=’h1′ style=” subheading_active=” show_icon=” icon=’ue800′ font=” size=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=’15’ av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=” custom_font=” icon_color=” margin=” margin_sync=’true’ padding=’10’ icon_padding=’10’ link=’manually,http://’ link_target=” id=” custom_class=” av_uid=’av-kknamdn1′ admin_preview_bg=”][/av_heading]

[av_textblock size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” id=” custom_class=” av_uid=’av-kb8nf8y1′ admin_preview_bg=”]
Data released on Monday has shown a record-breaking increase in the value of new housing commitments during the final month of 2020.

According to the ABS lending indicators for December 2020, the value of new owner-occupier loan commitments grew by 8.7% over the month to $19.9 billion – a whopping 38% increase since December 2019. The total value of new loan commitments for housing rose 8.6% to $26 billion during December 2020, seasonally adjusted, representing a 31.2% increase year on year.

ABS head of finance and wealth Amanda Seneviratne said loan commitments for existing dwellings represented more than half of December’s growth in owner-occupier values while the construction of new dwellings accounted for 32%.

“The value of construction loan commitments grew 17.1% in December, more than doubling since the June implementation of the HomeBuilder grant,” she said. “Federal and state government measures, such as HomeBuilder, and historically low interest rates are supporting ongoing growth in housing loan commitments.”

Another notable high, was the number of first home buyer loan commitments, which, according to the ABS rose to 15,205 (seasonally adjusted) – up 56.6% on the number recorded in December 2019. According to the ABS, this was the highest level recorded since June 2009, when the first home buyer grant was temporarily tripled in response to the GFC.

But home loan commitments aren’t the only figures on the rise. According to CoreLogic’s national home value index, the first month of 2021 saw an increase in housing values across every capital city and broad rest of state region, Darwin recording the highest monthly increase of 2.3%. Darwin also had the highest annual growth in prices, recording an 11.4% change since January 2020. Other high performers over the year included Canberra at 8.5%, Hobart at 6.8% and Adelaide at 6.5%, while Sydney posted a total 2% growth. Melbourne values remained 2.1% lower than January 2020 levels despite rising 0.4% last month and 2.1% over the past quarter.

Perhaps the standout figure was that of the country’s regional areas. According to CoreLogic, the combined regional value grew a whopping 7.9% annually, while the combined capital value recorded just 1.7% growth.

“Internal migration data shows more people are leaving Sydney and Melbourne for regional areas, resulting in a transition of activity from the metro regions to the outer fringe and regional markets,” said CoreLogic’s research director, Tim Lawless. “This demographic trend is further compounded by the demand shock of stalled overseas migration. As Melbourne and Sydney historically receive the vast majority of overseas migrants, these metro areas have been the hardest hit by this demand shock.

“Better housing affordability, an opportunity for a lifestyle upgrade and lower density housing options are other factors that might be contributing to this trend, along with the newfound popularity of remote working arrangements.”
[/av_textblock]

[/av_one_full][/av_section][av_section min_height=” min_height_pc=’25’ min_height_px=’500px’ padding=’no-padding’ shadow=’no-border-styling’ bottom_border=’no-border-styling’ bottom_border_diagonal_color=’#333333′ bottom_border_diagonal_direction=” bottom_border_style=” margin=’aviaTBmargin’ custom_margin=’50px’ custom_margin_sync=’true’ custom_arrow_bg=” id=’mortgage’ color=’main_color’ background=’bg_color’ custom_bg=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” attachment=” attachment_size=” attach=’scroll’ position=’top left’ repeat=’no-repeat’ video=” video_ratio=’16:9′ overlay_opacity=’0.5′ overlay_color=” overlay_pattern=” overlay_custom_pattern=” av_element_hidden_in_editor=’0′ av_uid=’av-qet8u’ custom_class=”]

[av_one_full first min_height=” vertical_alignment=’av-align-top’ space=” custom_margin=’aviaTBcustom_margin’ margin=’0px’ margin_sync=’true’ row_boxshadow_color=” row_boxshadow_width=’10’ link=” linktarget=” link_hover=’opacity80′ title_attr=” alt_attr=” padding=’0px’ padding_sync=’true’ highlight_size=’1.1′ border=” border_color=’#f2f2f2′ radius=’3px’ radius_sync=’true’ column_boxshadow_color=” column_boxshadow_width=’10’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’diagonal_bt’ src=” attachment=” attachment_size=” background_position=’top left’ background_repeat=’no-repeat’ animation=’left-to-right’ mobile_breaking=” mobile_display=” av_uid=’av-9wkhy’ custom_class=”]

[av_heading heading=’Is now the time to consolidate your debts?’ tag=’h1′ style=” subheading_active=” show_icon=” icon=’ue800′ font=” size=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=’15’ av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=” custom_font=” icon_color=” margin=” margin_sync=’true’ padding=’10’ icon_padding=’10’ link=’manually,http://’ link_target=” id=” custom_class=” av_uid=’av-kknanah7′ admin_preview_bg=”][/av_heading]

[av_textblock size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” id=” custom_class=” av_uid=’av-kb8nf8y1′ admin_preview_bg=”]
For most people, December and the holiday period are a time for spending, and unfortunately, it can also lead to overspending.

Overspending at this time of year can certainly add to the level of mortgage stress many households are already under, thanks to many purchases ending up on credit cards or even buy now, pay later services.

Fortunately, getting overrun by debt is something that you can and should look into, before things get too much for you to manage. The best way to do that is to consider some form of debt consolidation.

What is Debt Consolidation?

Simply put, consolidating your debts, means taking out one loan to cover all of your other debts. 

If you can put all your debts into one easy-to-manage loan that has a lower interest rate, then it will help you control your cash flow and get you out of debt sooner. However, there are a few things you need to consider before going down the path of debt consolidation.

Before you begin, you will need to gather up all the information you have about your current debts and the associated fees, costs and interest rates.

It’s also worth taking note of your monthly income and expenses, to better gauge how much you might be able to pay off each month.

What are your options?

The first thing to do when looking to consolidate your debts is to speak to a mortgage broker. They are able to help assess your current situation and present you with the right types of options.

Generally speaking, one of the most common ways to consolidate your debts, will be to take out a personal loan that has a lower interest rate than your other debts. That way you can roll all other debts into one loan, that you can manage easily.

Another option might be to apply for a credit card that has a long, interest-free period. These types of offers are often available to new customers.

If you own a home, you might be able to get a low interest rate, by using your redraw facility, an offset account, or even refinancing, to free up some equity. All these options will allow you to pay out your debts and the bonus of doing it this way, is that you can access home loan rates, which are generally far lower than other unsecured types of debts, such as personal loans or credit cards.

Once again, speaking to a mortgage broker is normally your best option, as they can quickly and easily assess your situation and find the debt consolidation solution that is right for your circumstances.
[/av_textblock]

[/av_one_full][/av_section][av_section min_height=” min_height_pc=’25’ min_height_px=’500px’ padding=’no-padding’ shadow=’no-border-styling’ bottom_border=’no-border-styling’ bottom_border_diagonal_color=’#333333′ bottom_border_diagonal_direction=” bottom_border_style=” margin=’aviaTBmargin’ custom_margin=’50px’ custom_margin_sync=’true’ custom_arrow_bg=” id=’tax2′ color=’main_color’ background=’bg_color’ custom_bg=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” attachment=” attachment_size=” attach=’scroll’ position=’top left’ repeat=’no-repeat’ video=” video_ratio=’16:9′ overlay_opacity=’0.5′ overlay_color=” overlay_pattern=” overlay_custom_pattern=” av_element_hidden_in_editor=’0′ av_uid=’av-qet8u’ custom_class=”]

[av_one_full first min_height=” vertical_alignment=’av-align-top’ space=” custom_margin=’aviaTBcustom_margin’ margin=’0px’ margin_sync=’true’ row_boxshadow_color=” row_boxshadow_width=’10’ link=” linktarget=” link_hover=’opacity80′ title_attr=” alt_attr=” padding=’0px’ padding_sync=’true’ highlight_size=’1.1′ border=” border_color=’#f2f2f2′ radius=’3px’ radius_sync=’true’ column_boxshadow_color=” column_boxshadow_width=’10’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’diagonal_bt’ src=” attachment=” attachment_size=” background_position=’top left’ background_repeat=’no-repeat’ animation=’left-to-right’ mobile_breaking=” mobile_display=” av_uid=’av-9wkhy’ custom_class=”]

[av_heading heading=’Other COVID-19 measures’ tag=’h1′ style=” subheading_active=” show_icon=” icon=’ue800′ font=” size=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=’15’ av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=” custom_font=” icon_color=” margin=” margin_sync=’true’ padding=’10’ icon_padding=’10’ link=’manually,http://’ link_target=” id=” custom_class=” av_uid=’av-kknaoq3m’ admin_preview_bg=”][/av_heading]

[av_textblock size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” id=” custom_class=” av_uid=’av-kb8nf8y1′ admin_preview_bg=”]

JobKeeper

Don’t forget that the JobKeeper scheme ends on 28 March 2021.

The second JobKeeper extension has started and covers the JobKeeper fortnights between Monday 4 January and Sunday 28 March 2021.

If eligible, you can enrol for the second JobKeeper extension until the end of the program. To be eligible you will need to show that your actual GST turnover declined in the December 2020 quarter relative to a comparable period (generally the December 2019 quarter).

You might be eligible for the second JobKeeper extension even if you weren’t eligible for the first extension.

The payment rates for your eligible employees in the second extension period are:

Investment incentives

We have previously told you about 2 temporary measures to encourage business investment:

The law has been changed so that you can now choose not to apply full expensing or accelerated depreciation to particular depreciating assets. But once you make that choice, you are locked in (i.e. you cannot reverse it).

Tip! Talk to your tax adviser if you are contemplating buying new assets for your business.
[/av_textblock]

[/av_one_full][/av_section][av_section min_height=” min_height_pc=’25’ min_height_px=’500px’ padding=’no-padding’ margin=’aviaTBmargin’ custom_margin=’50px’ custom_margin_sync=’true’ color=’main_color’ background=’bg_color’ custom_bg=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” attachment=” attachment_size=” attach=’scroll’ position=’top left’ repeat=’no-repeat’ video=” video_ratio=’16:9′ overlay_opacity=’0.5′ overlay_color=” overlay_pattern=” overlay_custom_pattern=” shadow=’no-border-styling’ bottom_border=’no-border-styling’ bottom_border_diagonal_color=’#333333′ bottom_border_diagonal_direction=” bottom_border_style=” custom_arrow_bg=” id=’super’ custom_class=” aria_label=” av_element_hidden_in_editor=’0′ av_uid=’av-qet8u’]

[av_one_full first min_height=” vertical_alignment=’av-align-top’ space=” custom_margin=’aviaTBcustom_margin’ margin=’0px’ margin_sync=’true’ row_boxshadow_color=” row_boxshadow_width=’10’ link=” linktarget=” link_hover=’opacity80′ title_attr=” alt_attr=” padding=’0px’ padding_sync=’true’ highlight_size=’1.1′ border=” border_color=’#f2f2f2′ radius=’3px’ radius_sync=’true’ column_boxshadow_color=” column_boxshadow_width=’10’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’diagonal_bt’ src=” attachment=” attachment_size=” background_position=’top left’ background_repeat=’no-repeat’ animation=’left-to-right’ mobile_breaking=” mobile_display=” av_uid=’av-9wkhy’ custom_class=”]

[av_heading heading=’Investing with a SMSF’ tag=’h1′ style=” subheading_active=” show_icon=” icon=’ue800′ font=” size=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=’15’ av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=” custom_font=” icon_color=” margin=” margin_sync=’true’ padding=’10’ icon_padding=’10’ link=’manually,http://’ link_target=” id=” custom_class=” av_uid=’av-kknaqpw7′ admin_preview_bg=”][/av_heading]

[av_textblock size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” id=” custom_class=” av_uid=’av-kb8nf8y1′ admin_preview_bg=”]
In recent years, Self-Managed Super Funds (SMSF) have grown considerably in popularity, particularly for purchasing both residential and commercial property.

SMSF allow people to control their own retirement savings and invest them in the best way they see fit. This is different from traditional superannuation, that is invested by funds on their behalf.

While property makes up a small percentage of the overall investments that are made by SMSF, this is something that is growing. However, loans for SMSF are not always easy to obtain and the rules around them are changing all the time, especially from the big banks.

Buying Property

An SMSF is able to purchase residential property, however there are a number of rules and restrictions that come into effect.

If you buy residential property through an SMSF, the trustee of the fund or anyone related to the trustee, cannot live in the property. Similarly, no one related to the trustee may rent the residential property.

The ‘sole purpose test’ is used to make sure the investment is only used as a way to provide retirement funds to the members of the SMSF.

For that reason, it is also popular to buy a commercial property through an SMSF, as a business is able to purchase a commercial property through an SMSF and then lease it back.

SMSF Loans

While it is possible to get a loan through an SMSF, they are bound by a number of restrictions that can make it difficult.

One of the key elements is that the debt taken on by the SMSF must be non-recourse, meaning that if the lender needs to recover losses, they can do so by selling the assets and there is no personal guarantee. What this means is that SMSF are often highlighted by low LVRs and can be difficult to obtain.

The first place to start, if you are looking to invest through an SMSF or to get an SMSF loan is to speak to your mortgage broker, accountant and financial planner. This is a complex area which changes regularly and you should seek advice prior to making any investment decisions.
[/av_textblock]

[/av_one_full][/av_section][av_one_full first min_height=’av-equal-height-column’ vertical_alignment=’av-align-middle’ space=’no_margin’ custom_margin=’aviaTBcustom_margin’ margin=’0px,70px’ link=” linktarget=” link_hover=’opacity80′ padding=’40px’ padding_sync=’true’ border=” border_color=’#f2f2f2′ radius=’3px’ radius_sync=’true’ background=’bg_color’ background_color=’#f7f7f7′ background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’diagonal_bt’ src=” attachment=” attachment_size=” background_position=’top left’ background_repeat=’no-repeat’ animation=’left-to-right’ mobile_breaking=” mobile_display=” av_uid=’av-9wkhy’]

[av_textblock size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” id=” custom_class=” av_uid=’av-jgrx3l5f’ admin_preview_bg=”]

Sources: Mortgage Professional Australia and CFH Partners
Disclaimer: This is general information only and is subject to change at any time. Your complete financial situation will need to be assessed before acceptance of any proposal or product. The Content provided herein has been prepared for informational purposes only. The Content does not constitute tax, legal or accounting advice and should not be relied upon as such. You should seek tax, legal or accounting advice before acting or relying on any Content.

[/av_textblock]

[/av_one_full][av_section min_height=” min_height_pc=’25’ min_height_px=’500px’ padding=’default’ shadow=’no-border-styling’ bottom_border=’no-border-styling’ bottom_border_diagonal_color=’#333333′ bottom_border_diagonal_direction=” bottom_border_style=” margin=’aviaTBmargin’ custom_margin=’0px,70px’ custom_arrow_bg=” id=” color=’main_color’ background=’bg_color’ custom_bg=’#ffde59′ background_gradient_color1=’#094978′ background_gradient_color2=’#105e96′ background_gradient_direction=’diagonal_bt’ src=” attachment=” attachment_size=” attach=’scroll’ position=’top left’ repeat=’no-repeat’ video=” video_ratio=’16:9′ overlay_opacity=’0.5′ overlay_color=” overlay_pattern=” overlay_custom_pattern=” av_element_hidden_in_editor=’0′ av_uid=’av-qet8u’ custom_class=”]
[av_one_full first min_height=’av-equal-height-column’ vertical_alignment=’av-align-middle’ space=” margin=’0px’ margin_sync=’true’ row_boxshadow_color=” row_boxshadow_width=’10’ link=” linktarget=” link_hover=” title_attr=” alt_attr=” padding=’0px’ padding_sync=’true’ highlight_size=’1.1′ border=” border_color=” radius=’0px’ radius_sync=’true’ column_boxshadow_color=” column_boxshadow_width=’10’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” attachment=” attachment_size=” background_position=’top left’ background_repeat=’no-repeat’ animation=” mobile_breaking=” mobile_display=” av_uid=’av-lsyke’ custom_class=”]

[av_heading heading=’Any more questions? ‘ tag=’h1′ link_apply=” link=’manually,http://’ link_target=” style=’blockquote modern-quote modern-centered’ size=’27’ subheading_active=’subheading_below’ subheading_size=’15’ margin=” padding=’30’ color=’custom-color-heading’ custom_font=’#000000′ custom_class=” admin_preview_bg=’rgb(34, 34, 34)’ av-desktop-hide=” av-medium-hide=” av-small-hide=” av-mini-hide=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=”]
Click the button below and talk with us!
[/av_heading]

[av_button label=’Get in touch’ link=’page,851′ link_target=’_blank’ size=’x-large’ position=’center’ label_display=” icon_select=’yes-right-icon’ icon_hover=’aviaTBicon_hover’ icon=’ue879′ font=’entypo-fontello’ color=’custom’ custom_bg=’#ffffff’ custom_font=’#000000′ av_uid=’av-jgf4ovnq’ custom_class=” admin_preview_bg=”]

[/av_one_full]
[/av_section]

[av_one_third first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ row_boxshadow=” row_boxshadow_color=” row_boxshadow_width=’10’ link=” linktarget=” link_hover=” title_attr=” alt_attr=” padding=’0px’ highlight=” highlight_size=” border=” border_color=” radius=’0px’ column_boxshadow=” column_boxshadow_color=” column_boxshadow_width=’10’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” background_position=’top left’ background_repeat=’no-repeat’ animation=” mobile_breaking=” mobile_display=” av_uid=’av-1waoal’][/av_one_third]

[av_one_third min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ row_boxshadow=” row_boxshadow_color=” row_boxshadow_width=’10’ link=” linktarget=” link_hover=” title_attr=” alt_attr=” padding=’0px’ highlight=” highlight_size=” border=” border_color=” radius=’0px’ column_boxshadow=” column_boxshadow_color=” column_boxshadow_width=’10’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” background_position=’top left’ background_repeat=’no-repeat’ animation=” mobile_breaking=” mobile_display=” av_uid=’av-3suqlp’]
[av_social_share title=’Share this story to your friends’ style=’minimal’ buttons=” av_uid=’av-k7zlpjtt’ custom_class=” admin_preview_bg=”]
[/av_one_third]

[av_one_third min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ row_boxshadow=” row_boxshadow_color=” row_boxshadow_width=’10’ link=” linktarget=” link_hover=” title_attr=” alt_attr=” padding=’0px’ highlight=” highlight_size=” border=” border_color=” radius=’0px’ column_boxshadow=” column_boxshadow_color=” column_boxshadow_width=’10’ background=’bg_color’ background_color=” background_gradient_color1=” background_gradient_color2=” background_gradient_direction=’vertical’ src=” background_position=’top left’ background_repeat=’no-repeat’ animation=” mobile_breaking=” mobile_display=” av_uid=’av-6lbunh’][/av_one_third]