📈 Today's Commercial Property & SMSF News
Common Pitfalls in SMSF Property Borrowing Documentation Highlighted
An expert has flagged significant issues with the paperwork for Self-Managed Super Fund (SMSF) Limited Recourse Borrowing Arrangements (LRBAs). These problems often include a complete lack of necessary documents, incomplete forms, errors in how documents are drafted, and incorrect sequencing of signatures. The specialist points out that despite no explicit legal requirement for a written trust under superannuation or trust law, the specific rules for LRBAs necessitate a clear right for the SMSF trustee to request the transfer of the underlying asset from the bare trustee. Ensuring correct and complete documentation is crucial for compliance and asset protection within SMSFs utilizing LRBAs.
Source: www.smsfadviser.com
BGL Develops AI Tools to Navigate Proposed SMSF Tax Changes
BGL is currently developing artificial intelligence-driven solutions designed to assist financial professionals and clients in understanding and articulating the potential effects of the proposed Division 296 legislation. The chief product officer at BGL noted that a significant challenge in this development process is creating effective planning tools based on legislation that has not yet been formally enacted. It's important to remember that these tools are intended to support understanding, not to provide definitive answers or replace the expert judgment of financial advisers.
Source: www.smsfadviser.com
Unpacking Australia's Tax Loopholes and Their Impact on Wealth Inequality
This article examines how Australia's current tax system is contributing to persistent wealth disparities across generations. It points out that while prominent political figures, including Treasurer Jim Chalmers and Shadow Treasurer Tim Wilson, have expressed concern over intergenerational inequality, the author argues that effectively addressing this issue will require increased taxation on capital and wealth, rather than solely focusing on tax cuts for other groups. The piece suggests that upcoming government initiatives, such as the Intergenerational Report and the federal budget, present key opportunities for the Treasurer to implement meaningful reforms in this area, despite potential political challenges.
Source: www.abc.net.au
📊 Yesterday's Key Developments
Forest Hill Home Passed In as Bidders Face Finance Hurdles
A family home in Forest Hill, Melbourne, failed to sell at auction after two potential buyers were unable to secure their financing. The property, on the market for the first time in nearly 50 years, was passed in below its expected price range, with negotiations ongoing. This incident highlights the difficulties some purchasers are encountering with loan approvals in the current real estate market.
Source: www.realestate.com.au
Gold Coast Suburbs Tipped for Strong Property Price Growth
According to a leading property analyst, Burleigh Waters and Ormeau are predicted to spearhead property price increases on the Gold Coast in the coming year. A report by Finance Better and Hotspotting identified Burleigh Waters' unit market and Ormeau's house market as top performers within regional Queensland, indicating a continued robust outlook for the Gold Coast's real estate sector.
Source: www.realestate.com.au
Currumbin Beachfront Property Sells for $8.25M in Dramatic Auction
A highly desirable beachfront property in Currumbin on the Gold Coast fetched $8.25 million at auction, following a last-minute bid from an Australian buyer calling in from overseas. The rare double block, held by the same family since the 1940s, saw intense bidding and prolonged negotiations, ultimately demonstrating the strong demand and high value of prime coastal real estate assets.
Source: www.realestate.com.au
Published: Monday 23 February 2026 | Fresh Articles: 15 | Sections: 6 | RunID: 2026-02-23T08:14:18+11:00
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