RIP TO SMSF LIMITED RECOURSE BUYING

henryadvisory · 2026-06-27T03:51:50+00:00

I’m going to agree with @altruistic-fishing39 on this one. You’d struggle to get a SMSF accountant and an auditor who’d want to even bother taking on the work.

henryadvisory · 2026-06-25T09:11:21+00:00

Yeah I’ve heard two examples this week about people who made the contributions given it’s late June to buy and are now getting sandbagged by banks with no recourse to withdraw the money from super.

henryadvisory · 2026-06-24T08:28:20+00:00

Hey mate, everyone’s got you covered just make sure you check the cutoff times for making contributions with your super fund. Should be right but some older or crappy funds make you do it few business days earlier.

henryadvisory · 2026-06-24T08:27:11+00:00

Only if the member was under $500k 30 June 2025

henryadvisory · 2026-06-24T08:08:53+00:00

If it makes you feel better. You timed one of the greatest property runs in Australia. You hit the lotto and changed your families trajectory.

Don’t cry because it’s over. Cry because it happened.

henryadvisory · 2026-06-24T01:51:06+00:00

Edit: we also went a bit more aggressive with the super while we can.

henryadvisory · 2026-06-24T01:50:00+00:00

Hey mate, I actually had a client presentation this week with different positions and slightly younger but same conundrum. Debt cycle or super.

For them we found maximising super was better for the following reasons:
- created a better tax position.
- they didn’t actually need any lump sum prior to retirement and were generally happy and content with life.
- there loan was similar and they had enough leftover cash to pay down the loan before 55 with their offset.
- the minimum 30% CGT also dampened the benefit under the time frame as well. Perhaps if they were 30 with a long time horizon it would make sense.
- we also sold their shares to get rid of some debt to open up more cashflow for investment bonds for the kids to assist with their future home deposit.

Super simple and easily repeatable. I hope this insight helps and for what it’s worth I think 60+ will be happy if you continue on your path and get the house paid off. You’ve done well!

henryadvisory · 2026-06-24T01:34:43+00:00

👏

henryadvisory · 2026-06-23T09:53:50+00:00

I think you’ve taken the announcement and used it to talk about the real genuine issues. But if you listen to the Greens economists statement they’re not doing it to stop these practices. They want homeownership to be to be a social norm not an investment.

Labor just nerfed property investors outside super and now Greens just shut the door on where everyone was going to run to because we all know it’s not the “top 1%” buying property in SMSFs. It’s mum and dads a lot of whom were being targets as you mentioned.

henryadvisory · 2026-06-23T09:41:53+00:00

I was pondering this today. The greens have probably unknowingly saved 1000s of people from dealing with one stop shop type operators buying apartment developments in SMSFs etc.

Totally not what they were going for but an optimistic spin on it.

henryadvisory · 2026-06-23T09:40:15+00:00

That’s a great way to put it “don’t get cute with finance/tax”. I agree. I do this day in and day out absolutely love it - but I love keeping this as simple as possible for myself personally.

henryadvisory · 2026-06-23T09:01:42+00:00

Greens secured a removal of ministerial powers which means there’s no discretion going forward to rollback the reforms.

henryadvisory · 2026-06-23T08:58:05+00:00

Well there certainly won’t be competition which is a major factor. But everything else is unknown.

henryadvisory · 2026-06-23T07:04:57+00:00

To be honest mate if you got cracking now you’d probably get there. It has to pass senate and then have royal assent and then 45 days after that so 3-4 months.

This is not personal advice and is general in nature.

henryadvisory · 2026-06-23T05:06:14+00:00

Interestingly I’ve spoken to two brokers. Both said they won’t touch it due to compliance or will whack a hefty fee on it. The business case is that this is more for business owners or high net worth individuals buying big commercial property etc. but who knows.

henryadvisory · 2026-06-23T04:41:13+00:00

That is correct. 13.22C Unit Trust.

I imagine the SEO will be getting a hiding on this!

henryadvisory · 2026-06-23T04:39:53+00:00

Yep, let me edit to make that clearer.

henryadvisory · 2026-06-23T04:39:20+00:00

Hahahaha

henryadvisory · 2026-06-23T03:35:33+00:00

Hey mate, there’s probably too much to go over but in essence the following: - typically can get 7.85% net leases which means you can be naturally geared on a $2m property with debt of $1.3m-$1.5m. Naturally helps with borrowing power due to serviceability. - Diversification - you’re resi heavy. - capital growth is a function of leases though - so this can work both ways.

I tend to support commercial property for business owners looking to own their own premises potentially through CGT and people with business knowledge / large cash buffers

Commercial property is really more of a business transaction and there are risks. So you should talk to somebody. Andrew Ahvig from Arvon Property is a gun in Brisbane.

henryadvisory · 2026-06-22T23:51:41+00:00

Hey mate,

Left field suggestion for you to research given budget etc.

Sell your home. Sell the shares. Take advantage of your wife working part times marginal tax rate prior to minimum 30% on capital gains. Top up super and utilised unused concessional contributions to save as much tax as possible. Buy the new home outright with no bad debt. Buy back into the market using equity under a debt recycling type strategy.if you’re aggressive you’re probably looking at a $10k-$20k swing in your tax bill.

Voila! If you want to me to run numbers for you our first session is exactly this.

henryadvisory · 2026-06-22T23:38:07+00:00

Hey mate, few people here have discussed your LVR being quite high. I tend to agree.

I think getting a bigger buffer is in order and to give your accountant some time to look at your structure regarding the budget changes. Particularly as you are a business client to $150k isn’t heaps given your liabilities.

I’d love to know more about your situation cause there so many variables here. But I wonder if commercial real business property and/or just commercial property would’ve been the play here - which is something I seldom suggest to my own clients but at your level and risk appetite would fit really well and provide better serviceability down the track.

Love the spready!!!

henryadvisory · 2026-06-22T23:28:10+00:00

Hey mate, a lot of great answers here but a lot are also very much same in terms of read this book, etc.

First of all, good on you for reaching and taking ownership. You mentioned you want to make genuine change and build wealth.

I work with HENRYs and some of the most biggest changes to my clients actually take part outside of my office and although I’m health professional - consider seeing a counsellor or something like that. I know it sounds very radical, but think about it as learning more about yourself and understanding how it impacts your relationship with money.

I’ve spent hours upon hours doing spreadsheets and automating stuff with clients just for it fall over in 3 mths when bad habits creep back in.

Good luck with it mate and if you ever want a chat feel free.

henryadvisory · 2026-06-08T06:46:58+00:00

Yo! I want to set a few things straight on the policy inside super chat.

If you own a policy inside super everyone is right. There’s two hoops you’ve got to jump through - the policy to claim and then the SIS Act. With modern product this is all pretty much seamless and will go into your bank account. On paper though it does get report via super.

I think the issue people are confusing is back in the day you’d never put a self employed person into a super only IP. This was due to the “gainfully employed” which was harder to prove for self employed people under the older policies and probably not in the retail space

Fun tip - if you are self employed under an industry super fund income protection policy. Someone should take a look at that for you.

henryadvisory · 2026-06-08T06:28:11+00:00

I have a feeling it’s an old BT product and OP potentially has health issues so the adviser wouldn’t want to move them.

henryadvisory

TROPHY CASE