Borrowers getting creative as they wrestle with rising interest rates
Interest rates being pushed up by rampant inflation are forcing mortgagees and prospective buyers to find new ways of servicing debt.
Buying property with friends is becoming more common among first home buyers. (Image source: Shutterstock.com)
Borrowers are increasingly turning to refinancing and pairing up with friends and family to overcome the weighty burden of rapidly rising interest rates.
NAB research released Friday (27 January) reveals that 40 per cent of young Australians are considering buying a property with someone other than a romantic partner.
Outside of dropping their price range, buying with another person tops the list of compromises Aussies aged 18 to 29 are prepare…
