Joe McFall Real Estate Ballan : Bacchus Marsh : Greendale : Gordon : Blackwood

Mingara - Edwardian Style Homestead on 85 Acres
2, 60 DAYLESFORD ROAD, BALLAN
This beautiful well presented Edwardian Style Homestead oozes charm and tranquility with river frontage to the Werribee River it offers:

- 3 Bedrooms all with BIR
- Study with built in book shelves and desk
- Bright living room with original fireplace and woodburner and ceiling fan
- Double doors leading from living area to dining room
- Large country kitchen with huge island bench and ample storage
- Charming Sunroom
- Family bathroom with bath and overhead shower
- Second toilet
- Solar panels
- Paved bbq area with outside woodburner
- Excellent grazing with quality pasture
- 2 large machinery sheds

Positioned on the fringe of Ballan with only 1 hour drive to Melbourne with fantastic Western Freeway access this property is sure to delight.

Hello All

Buying property through Self-Managed Superfund (SMSF) hasn’t slowed down in this market. In fact it seems to have gotten stronger.

SMSF loans are available for BOTH Commercial and Residential property loans at 80% LVR, with NO liquidity requirement for Commercial.

This means the clients need:
20% deposit, plus costs to buy a commercial property,
OR
20% plus costs to buy a Residential property, with 10% of whatever they have in Super to remain in their super account as liquid assets (cash).

As an example, if someone has $200,000 in their super, they could buy
1. A Commercial property for $800,000 so their $200K super will be enough to pay the 20% deposit ($160,000) plus stamp duty ($32,000) and costs ($8000)
2. A Residential property for $720,000 so their $200K super will be enough to pay the 20% deposit ($144,000) plus stamp duty ($28,000) and costs ($6000) and leave $20,000 in their super account as liquid assets/buffer.

This is all subject to serviceability of course, which is proven by previous 2 years super contributions evidenced by Super statements, OR bank statements, OR 2 years tax returns.

Let me know if you have any questions or need clarification on this.
Otherwise have a great weekend

Nelson Gunasti | Finance Director