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Property investors rush to beat crackdown on SMSF loans

Agents say business owners are doing commercial real estate deals to beat a January 2020 deadline set by Labor.

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The number of medical and legal professionals and business owners rushing to buy premises has soared in anticipation a future federal Labor government will axe self-managed super fund loans.

Many are joining colleagues or partners to boost their prospects of financing deals under tough new borrowing guidelines imposed by lenders that require lengthy scrutiny of income and expenditure.

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Duncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au

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    Original URL: https://www.afr.com/politics/federal/property-investors-rush-to-beat-crackdown-on-smsf-loans-20190502-p51jau