Macquarie margin lends for property
Macquarie Bank has continued its roll-out of tax-effective products in time for June 30, with a margin loan into property being the latest.
Macquarie Property has constructed a menu of direct property funds and property securities funds, to which investors can leverage 60 per cent of their exposure through a loan from Macquarie Margin Lending.
Demand from advisers and their clients for more accessible, non-residential property investments was the instigator for the product, to be known as Macquarie Property Access, according to head of property investment banking, Rob Morton.
Macquarie will loan up to 60 per cent of an investment, subject to a minimum loan of $50,000 and a 2.1 per cent loan establishment fee.
Morton said the loan interest would generally be tax deductible, and there would be no margin calls.
Recommended for you
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
