Self-Managed Super Fund (SMSF) loans use a limited-recourse borrowing arrangement (LRBA) to purchase residential or commercial property within the fund. The property is held in a bare trust; the lender’s security is limited to that asset. Standard terms: up to 30 years P&I or 5-year interest-only followed by amortisation. Maximum LVRs: 80 % residential, 70 % commercial. Cash deposit and future liquidity test (usually 10 % of fund value post-purchase) are mandatory. Rental income and employer contributions service the debt; all income and realised gains remain concessional inside super.