Buying a property can be an exciting and unsettling process all at the same time. You need to consider who is going to own it, how you are going to finance it and how are you going to profit from it.
Whether it is a residential or commercial property, you should consider all opportunities for your personal circumstances. Your own name, a trust or a superfund are some options of who could own the property, but how you can fund this will also be a factor.
Using a superfund can be an option that most don’t consider upfront but might be a really good way of utilising your cash reserves if you can’t raise the cash personally.
Once you consider the option of who should own it, you will need to raise the cash to pay for it. Utilising a mortgage broker can be your best option to get the best deal for your circumstances and getting a pre-approval is the best way to proceed.