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La Trobe Financial has announced it is offering a new self-managed super fund (SMSF) loan product at 5.6 per cent.
Paul Wells, La Trobe Financial’s senior vice president and chief investment officer, said the product allows SMSF borrowers to purchase a wide variety of properties, including residential, retail, commercial and rural.
“La Trobe Financial has always strived to produce competitive products meeting our clients’ needs,” he said.
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Greg O’Neill, La Trobe Financial’s president and chief executive officer, said recent government announcements promising to ‘leave superannuation alone’ are good news.
“Labor’s commitment for five years and the Coalition’s for ‘no adverse changes’ for the first parliamentary term places more certainty back into the system.
“Moreover, SMSFs have low exposure to residential property of around 3.2 per cent, according to Australian Taxation Office figures recently released, which hardly constitutes a bubble,” he said.
