‘Tapped out’ property investors use super when banks say no
Nila SweeneyReporter
Updated
A growing number of property investors who have “tapped out” their personal borrowing capacity are using their self-managed super funds to borrow more, advisers say.
The value of limited recourse loans, used to fund property in self-managed funds, rose 10 per cent in the year to December to nearly $62 billion as the value of residential property held in the funds neared $50 billion, the latest Tax Office statistics show.
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