‘Tapped out’ property investors use super when banks say no

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

Original link

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.