Property sale warning in family law cases

A High Court judge has warned that ‘‘highly-geared’’ properties cannot be sold to settle family law cases because of the poor outlook for the property market and the likelihood of interest rate rises.

2nd April, 2011

A High Court judge has warned that ‘‘highly-geared’’ properties cannot be sold to settle family law cases because of the poor outlook for the property market and the likelihood of interest rate rises.

Mr Justice Abbott was giving judgment in a separation case involving a businessman and his wife.

The woman, identified only as ES, was seeking a judicial separation from her husband, DS, after he had an affair.

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