The new service will only allow SMSFs to purchase property using the provided gearing arrangements.
St George Bank has been chosen as Esuperfund's preferred lender for the limited recourse loan facilities that will allow SMSF trustees to borrow up to 72 per cent of the value of the property being bought.
Esuperfund estimates on average the new service will give SMSF members with a capital balance of around $120,000 the ability to purchase property in their funds.
This is based on the administration firm's calculations that the median house price is close to $400,000.
Under the arrangement, Esuperfund will then handle all of the compliance and administration requirements associated with the limited recourse loan.
"In order to simplify the borrowing process for its self-managed super funds, Esuperfund attends to all the complicated set-up structures and documentation for its self-managed super funds," Esuperfund chief executive Bill Nicholas said.
"This is unparalleled value given that other companies and legal firms in the marketplace charge between $2000 and $10,000 for attending to the same documentation for self-managed super funds."
Esuperfund will not charge any additional accounting or compliance fees for its clients who choose to use the new facility.
Nicholas said the annual fee would remain fixed at $699.
