More than 20,000 families have been forced to sell their homes in distress sales in Queensland.
Queensland is the worst in the country for distressed listings, which is when properties hit the market due to forced circumstances.
More than 20 per cent of mortgage holders in Australia have been forced to switch to interest-only repayments in the last two years as they face mounting financial pressure from 13 interest rate rises and increasing cost of living pressures.
More than 20,000 families forced to sell homes in Queensland (msn.com)
When you stupidly pay too much, without a clue about proper prices to pay for property, this happens.
And remember we probably have 2 interest rate rises to come next.
