Couple sells Coffs Harbour beach house amid record high interest rates
Courtney Adamo and her husband Michael decided to sell their beach house near Coffs Harbour due to rising interest rates and escalating mortgage stress. The cash rate recently hit an 18-year high, prompting many homeowners to offload secondary properties. Adamo described the decision as painful, highlighting the financial pressure of maintaining multiple mortgages.
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Published 11 Nov 2026, 18:00 UTC · Updated 11 Nov 2026, 18:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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