Self-Managed Super Funds (SMSFs) can borrow money to invest in property, under the "limited recourse borrowing arrangements" (LRBA) rules set out by the Australian Taxation Office (ATO). This means that the SMSF can borrow money to purchase a single acquirable asset, such as a property, and the lender's recourse is limited to that asset in case of default.

If you are looking for an SMSF loan in Schofields, there are various financial institutions, banks and credit unions that offer this type of loan. However, it is important to ensure that the borrowing does not compromise the fund's ability to pay benefits to members, and the fund's assets must still be sufficient to pay all benefits when they fall due. Additionally, the borrowing must be for the sole purpose of acquiring a single acquirable asset, the fund must hold an adequate level of insurance for the property, and the loan must be secured by a registered mortgage over the acquired property.

It is recommended that you seek professional advice from a SMSF specialist or a financial advisor in Schofields, to ensure compliance with the ATO rules and regulations, and to understand the potential risks and benefits of SMSF borrowing.