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Richard Wakelin

Six ways property investors can hang on despite high rates

Disciplined money decisions and savvy financial moves can be the difference between holding and folding.

While the Reserve Bank of Australia’s rate pause has provided some welcome relief, the mortgage pain is far from over. Property investors must do all they can to hold on to their properties and weather the choppy time ahead.

The much-publicised mortgage cliff sees up to 880,000 Australian households on rock bottom fixed rates switch to much higher variable rates this year, forcing many to pay hundreds or even thousands of dollars more each month.

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Richard Wakelin is a founder of buyers' agent Wakelin Property Advisory.

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    Original URL: https://www.afr.com/wealth/personal-finance/six-ways-property-investors-can-hang-on-despite-high-rates-20230706-p5dm67