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.

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