this post was submitted on 19 Apr 2024
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AusFinance

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the fuck did I just read (archived article from the AFR) :(

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A growing number of property investors who have “tapped out” their personal borrowing capacity are using their self-managed super funds to borrow more, advisers say.

“Gianna and I already bought six properties in our personal names, so we’re already tapped out. We keep trying to make new headroom, so we can borrow more, but we keep hitting a new ceiling, so we decided to borrow within our super,” Mr Ciardi said.

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[–] [email protected] 5 points 6 months ago

Jesus Christ that's a mental illness