A recent industry survey conducted by The Adviser confirms that despite additional training needs, brokers are increasingly integrating self-managed super fund (SMSF) loans into their business.
SMSF loans were identified by survey respondents as the product that would most likely be provided by brokers looking to expand their offering over the next year.
The Mortgage and Finance Association of Australia (MFAA) estimates direct property investment by Self Managed Super Funds (SMSF) equates to 10% (worth $50 billion) of the 500,000 SMSF in Australia.
MFAA CEO Phil Naylor considers this a great opportunity for mortgage brokers across Australia to lend to SMSFs, assisting their clients and expanding their skill base.
Mr Naylor said “With more than 3,000 SMSFs being established each month, mortgage brokers have the opportunity to provide their expertise in this fast growing segment of the market, where property is gaining popularity as a key investment sector”.
With an increasing number of SMSFs borrowing funds to invest in property directly, asset valuation has become a key component of preparing accurate SMSF financial reports. The most recent valuation guidelines for SMSFs relating to property valuations were released by the ATO in August 2012.
As Australia’s leading valuation panel management company, RP Data provides a complete range of valuation services – from rp.autovals, which can be performed in less than one minute to full valuations and panel management.
For more information on how to undertake SMSF valuations, learn how to generate your rp.autoval in the rp.professional property system or call us on 1300 734 318.
Source: The Adviser
See how easy it is to perform rp.autoval reports. Watch video here.