Family forced to sell three of four properties as rates rise
Property investors are being lured back by rising rents and capital gains. But borrowing too much can cause a debacle.
Duncan HughesReporter
As investor lending increases, two recent cases highlight how higher rates and costs of living can push property buyers over the edge.
One involved a family that had to sell three of their four investment properties after coming off a low fixed rate; the other an SMSF that was forced to close having borrowed to buy two investment properties without sufficient cash flow for loan repayments.
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