The Mortgage and Finance Association of Australia (MFAA) estimates direct property investment by Self Managed Super Funds (SMSF) equates to 10 per cent (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”.
Adding to this, Mr Naylor commented “With the success of SMSF borrowing relying heavily on credit approval from lenders, it makes sense for mortgage brokers to play a key role in project managing the SMSF lending to ensure all of the lender’s requirements are met from the outset”.
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.
Discover the TOP 5 WAYS that SMSF professionals use rpdata.
1. Mark to market
Determine the value of your clients’ property assets. Use an rp.autoval (AVM) for asset review under SMSF guidelines.
2. Monitor client assets
Get a holistic view of your client’s SMSF asset base, as well as their total personal assets. Use rpdata to benchmark property assets and assist your clients to make effective portfolio mix decisions.
3. Value adding for your clients
Provide your clients with branded Property Profile reports to highlight the state of the market around their owner occupied and investment properties. Whether your client holds residential or commercial portfolios, rpdata’s expert services can help to deliver additional value. Utilise an independent advisory service to provide detailed insights to your clients so that you don’t have to be the property expert.
4. Know the market
Help your clients buy, sell and invest with confidence in their SMSF. Use rpdata’s Suburb Sales History reports to give your clients vital insights when investing in property.
5. Save time
Use the full range of rpdata’s valuation models to suit Australian Tax Office requirements. From full Value Estimates to Desktop and rp.autoval reports.
Using Australia’s leading property database, our rp.autovals have access to the largest number of residential properties in Australia. Combined with our strategic partners, CoreLogic, the American market leader in AVMs and financial services and Rismark International, a leader and innovator in real estate analytics, we are able to bring you unparalleled results.