Help guide
SMSF limited recourse borrowing after 10 August 2026
From 10 August 2026 new real-property LRBAs must acquire business real property. Bare trust, same-asset refinance, and commercial lender fit — general education, not tax or legal advice.
Structure in short
The SMSF borrows to acquire a single acquirable asset with recourse limited to that asset — legal wrappers matter. New ordinary residential LRBAs are closed; commercial BRP remains open.
Personal guarantees on related parties can still exist — “limited recourse” is not “no risk”.
Lender fit
Active new work is mostly commercial BRP specialists — expect pricing and documentation trade-offs vs retail home loans.
SMSF strategy documents and investment strategy updates are gatekeeping items — your adviser coordinates with lending.
What Australian borrowers usually miss
Headline rates and social-media comparisons rarely include switching costs, LMI, term resets, genuine-savings evidence, or lender overlays that decide whether a file can lodge. Two similar borrowers can get different outcomes for the same advertised product.
Use calculators for directional maths, confirm scheme and duty rules on official government sites, then speak with a broker before you exchange, fix a rate, or refinance. Azure Home Loans publishes these guides as general information for Australian readers — not personal credit advice.
Next step with a broker
Azure Home Loans helps Australian borrowers compare lender pathways and prepare credit applications under responsible-lending rules. Guides and calculators on this site are educational estimates — not approvals, rate quotes, or personal advice.
If your scenario needs a file review, speak with a broker via the contact page or call before you change loans, fix a rate, or rely on a single headline figure.
FAQ
Can I live in the property?
Generally no for residential fund property — legal prohibitions bite; seek qualified advice. BRP leased to a related business has separate arm’s-length rules.
Deposit source rules?
Super contribution caps and liquidity rules constrain funding paths — accountant-led.
Refinance SMSF loans?
ATO QC107811 allows maintain/refinance of the same asset (same or new lender). Changing the asset is a new arrangement.
Is this personal credit advice?
No. Help guides are general information for Australian readers. Credit assistance follows an enquiry and responsible-lending assessment.
How do I get numbers checked against real lenders?
Send an enquiry or call Azure Home Loans. Replies are usually same business day on business days. Bring your rate, balance, and remaining term if refinancing.
Should I rely on this page instead of a lender quote?
No. Treat help guides as orientation. Formal pricing, conditions, and approval decisions come from lenders after assessment — and they can change between enquiry and settlement.