Purchased Property


3/11 Harriette Street, Neutral Bay

SMSF Investment Secured Off Market in Two Weeks

Summary

Our clients, a couple running their own longstanding business, wanted to purchase a residential investment property through their self-managed superannuation fund.

New rules commencing on 10 August 2026 would restrict SMSFs from using limited recourse borrowing arrangements to acquire residential property. To proceed under the existing provisions, our clients needed to exchange a binding contract before the deadline.

The Brief

  • A well-located investment apartment
  • Strong long-term rental appeal
  • One bedroom and secure parking
  • A purchase within their established budget
  • Contract exchange before 10 August 2026

Our Approach

With a very limited timeframe, we commenced a focused search and assessed suitable properties against the clients’ investment criteria.

We prioritised quality, location, access to off market properties, and value while coordinating the required due diligence to ensure the clients could proceed confidently and without unnecessary delays.

The Property

We identified a well-positioned investment apartment in Neutral Bay featuring:

  • One bedroom
  • One bathroom
  • One car space
  • Convenient access to local amenities and transport
  • Strong appeal within an established Lower North Shore market

The Result

Within just 16 days of the clients signing with us, we secured the property within their budget.

Most importantly, contracts were exchanged before the 10 August 2026 deadline, enabling the clients to complete their intended SMSF residential property purchase under the transitional arrangements.

A highly satisfying outcome achieved through a clear strategy, responsive due diligence and decisive action.

By Dan Grantham

Frequently Asked Questions

What should investors consider when buying an investment apartment?

Investors should consider the property’s location, rental appeal, ongoing costs, transport links and potential for long-term growth, ensuring the purchase aligns with their overall investment goals.

What changed for SMSF property borrowing on 10 August 2026?

From this date, new limited recourse borrowing arrangements used to acquire real property are restricted to business real property. Residential investment property generally does not satisfy this requirement.

Can a buyer’s agent assist with a time-sensitive purchase?

Yes. A buyer’s agent can conduct a targeted search, assess suitable properties and coordinate the acquisition process within the required timeframe. Clients should also obtain independent financial, legal and taxation advice regarding their investment arrangements.

Agents

Dan Grantham

Kyle Startin