The picture since then has darkened with the RBA lifting the official cash rate another 0.5% following hikes in May and June.In turn, Australia’s army of negatively geared property investors are facing further losses.Indeed, CoreLogic Head of Research, Eliza Owen, on Thursday released data showing that investors across Sydney, Melbourne and Perth are dumping their homes on the market amid soaring loan repayments.Borrowing to invest in real estate makes financial sense when interest rates are low and values are rising.When the contrary occurs, as it has recently, investing in real estate can turn into a financial disaster.
