2024-07-17
More than 20,000 families forced to sell their homes in distressed sales | WATCH
On:
PHOTO: FILE
Over 20,000 families in Queensland have been compelled to sell their homes in distress sales, making it the leading state in the country for such listings. Distress sales occur when properties are put on the market under forced circumstances.
In Australia, more than 20 percent of mortgage holders have had to switch to interest-only repayments over the past two years, driven by 13 interest rate hikes and rising living costs.
More than 200,000 people could move to Queensland over the next five years
Designed using Magazine Hoot. Powered by WordPress.
Our aggregation of property news has always relied on your support, either as a reader, a subscriber or advertiser.
Your contribution will enable us to keep you informed on all things property Thank you for your support.