What sort of property can I buy? Any residential investment property and any income-producing commercial property, including rural properties. Can I buy vacant land? No. Only if it was income-producing rural land. Can I do a construction or a development? Developments – no. Construction -no, but this does not preclude “off the plan” purchases so long as a completed dwelling is settled upon. Two-part land and construction contracts are not acceptable for this style of loan as the land is settled on and then ‘improved’ which is a breach of the SIS Act. Can I refinance an existing property? No, however business real property that is held outside your SMSF can be purchased by your SMSF using a SMSF loan. Can I refinance an existing SMSF loan? Yes, as long as the original loan met the requirements of the SIS Act. You cannot leverage any equity as part of a refinance; however you can borrow to refinance an existing loan amount plus costs of the refinance. SMSF Lending Snapshot Max LVR: 80% Rate (from): 5.6% Residential 6.99% Commercial IO Fixed or VAR Term: 30 years Serviceability: Full Doc or Low Doc. Regulated or non-Regulated. Max Loan: Negotiable Purpose: Purchase of an asset - Residential 80% LVR, Commercial 70% LVR. Limited recourse to the property asset only. No Construction. No subdivision. Income producing rural land is acceptable. Refinance existing SMSF loans