Distressed property listings surge across Australia

Key points

• Distressed property listings in Australia have surged 29.2 per cent in the past year, with 4,906 properties listed in October.
• NSW saw a 10.6 per cent increase, while Queensland had the highest number of distressed listings at 1,704.
• Experts attribute the rise to economic pressures, including higher mortgage repayments and rising living costs, though other factors like family circumstances may also play a role.