For most people the biggest investment they will make in their lifetime will be their family home.
At Right Choice Financial we are firm believers that property is a great way to generate wealth over time.
First Home Buyers:
Buying your first home can be a daunting process, its best to seek professional advice to see what your options are so that you can make an informed decision on the best way forward. We can discuss what sort of deposit you will need, if you are entitled to any first home buyers grants and through our affiliation with Aussie source you the best loans and structures so that you can own your own home sooner.
Buying a bigger house:
You have a growing family and your existing home has become too small and you need to buy a bigger house. What is the best way to do this? Should I keep our existing property as an investment? These are common questions that the team at Right Choice Financial assist our clients in answering. Before you make a major commitment like buying a bigger house sit down with a professional so that you can get the best advice possible.
Investing in property can be a great way to build wealth over time. The team at Right Choice Financial can assess your situation and discuss with you the best way for you to invest in property, whether that be off the plan, renovate, new or old, cash flow positive property or negative gearing. With so many options out there its best to speak with a licensed financial adviser about what is right for you and your situation.
Using your super to buy property:
You have always been able to buy direct residential property using a Self Managed Superannuation fund. Prior to 2007 you were required to pay cash for the property and it was to be owned outright within the SMSF. In 2007 the ATO came out and clarified the rules around SMSF borrowing and since then you can now borrow to purchase direct residential property using your SMSF. This strategy is not for everyone though and it is critical that you seek professional advice before rushing out and buying a property at auction. Firstly you will require a self managed superannuation fund established, if you are planning on borrowing you will also need what is known as a bare trust established, you will also need to know exactly what a bank will lend your SMSF and ensure you have the required funds to complete the purchase. Right Choice Financial can walk you through the process from discussing whether an SMSF is appropriate for you, setting up your SMSF, setting up a bare trust and advising you on the best direct property strategy for your situation. To learn more on buying property using your superannuation download a free copy of our EBook that discusses this topic in more detail by clicking here.
We work closely with the team at Aussie to ensure our clients are getting independent advice from hundreds of lenders to ensure they get the best deal and structure possible.Learn More
Self Managed Superannuation Funds
A SMSF gives you ultimate control over how your money is invested and allows members greater flexibility on where they invest their money.Learn More
A Right Choice Financial Adviser can help you work out how much you are likely to need for retirement and then suggest practical strategies to help you achieve the lifestyle you want in retirement.Learn More
Our financial advisers are experts in their field and like nothing more to see you succeed in your financial endeavours.Learn More