AAustralia’s passion for property is secret and the market’s resilience provides comfort to many that property remains an enticing investment opportunity within an SMSF. This long-held appetite among Australians combined with a desire to take control of their investments is driving steady growth in the SMSF market.
This long-held appetite among Australians combined with a desire to take control of their investments is driving steady growth in the SMSF market. With the Australian Tax Office reporting that more than 610,000 SMSFs currently manage $876 billion in assets, a fantastic opportunity exists for brokers to help more customers with SMSFs and limited recourse borrowing arrangements (LRBAs).
An innovator and established player in the SMSF lending space, Liberty recognises those borrowers looking to expand their SMSF’s property investment potential and the savvy brokers who provide them with solutions. Liberty group manager – commercial Matthew Heinnen says the lender is proud to support SMSF investors to grow their retirement assets with free-thinking solutions.
“As Australians take a closer interest in their superannuation and investments, we’re pleased to offer them greater choice in lending options,” said Heinnen. As more brokers look to get involved, Liberty continues to refine its award-winning offering to ensure it can support them in providing positive outcomes for customers.
A unique solution for free-thinking plans
Liberty’s unique SuperCredit product assists established SMSFs to invest in residential or commercial property using their super with no minimum contribution requirements.
Liberty also has the flexibility and capacity to offer SMSF loan refinances – a solution that traditional banks cannot accommodate.
Regardless of the loan option, brokers turn to Liberty for its ability to look beneath the surface during each application assessment.
“Demonstrating Liberty’s free-thinking mindset, we continue to apply a common-sense approach to understanding customer goals,” Heinnen says.
Supporting brokers to diversify
A growing market leads to higher demand for broker services.
Liberty says more brokers are seeking accreditation and looking for extra training so they can meet the market’s increasing need for support.
Fortunately, plenty of help is available for brokers new to this area, including from the highly experienced Liberty BDM team.
“We’re dedicated to supporting our broker channel to explore opportunities for diversification – and that includes branching out into SMSF lending.”
Liberty is committed to enhancing the knowledge and capabilities of brokers currently working with SMSF borrowers and empower those new to the area or yet to enter the field.
“Education is at the heart of the support we provide to our business partners, enabling them to leverage our experience as a lender to become equipped with the right skills.”
For more information about Liberty’s suite of products including SMSF solutions, visit liberty.com.au/broker or call 13 11 33.
Matthew Heinnen
Group manager – commercial
