In the case of a second home, investment properties or holiday
In the case of a second home, investment properties or holiday homes, the Debt Counsellor should consider exploring the possibility with the consumer of selling the assets to reduce debt. Where second properties are not sold it is recommended that the Debt Counsellor provide reasons to Credit Providers and the Magistrate Court.
NDRC Practice NoteLast reviewed 2026-04
Second homes, investment properties and holiday properties are treated as disposable assets in the affordability assessment. The expectation is that the consumer will dispose of them to reduce the debt burden before relying on rearrangement.
Mortgage credit providers routinely refuse to accept a rearrangement proposal that retains a second bonded property while a primary mortgage is being restructured.
Drawn from NDRC's active case work. For your situation, see our debt counselling overview.
Cite this clause
National Credit Regulator. (2015). Annexure B — Debt Review Assessment Guidelines, clause 3.1.6: In the case of a second home, investment properties or holiday. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 32.