Leigh Worsley and Geoff Worsley, with their son Maximus Worsley, 17 (left), explain how they plan to tackle rising interest rates. – Photo Steve Pohlner
Leigh Worsley and her husband Geoff fear their children may never be able to afford to buy a property.
The couple, who owns a five-bedroom home in Ipswich west of Brisbane, has three children — Maximus, 17, Tobias, 14, and Freya, 11.
“I always say to them ‘you’re never going to be able to move out of home’,” said Ms Worsley, who works as a chef at a childcare centre.
“Obviously if they have to live with us until they have their own children, that’s fine.”
Fresh data from Digital Finance Analytics revealed mortgage and rental stress in Queensland increased last month.
Fresh data from Digital Finance Analytics revealed mortgage and rental stress increased in Queensland last month with regional areas including Ipswich, Logan and Toowoomba feeling the pinch.
For the Worsley’s, it’s all about being prepared.
The family paid $595,000 for their Coalfalls home in 2024 after selling their former house the same year.
“We made a decent profit from that sale and ended up putting a fair chunk of it on our current mortgage,” Mrs Worsley said.
“Before we were in a standard four-bedroom brick home but I wanted the extra space having three children.
“Our oldest children can now live downstairs in this house.”
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Maximus Worsley, 17 with his parents Geoff and Leigh Worsley. Photo: Steve Pohlner
Mrs Worsley said interest rate hikes and the escalating cost of living played on her mind with the family making extra mortgage repayments and eating less takeaway to combat future rate rises.
“We don’t struggle with our mortgage repayments but we do make sure we aren’t spending crazily with everything going on,” Mrs Worsley said.
“We have never defaulted and I want to keep it like that.
“We also probably have to hone in on eating out and that kind of thing.
“Our kids do go to private schools as well so we have to be mindful that we can pay for that.”
Ms Worsley said she believed it was the next generation that would potentially be locked out of Queensland’s runaway property market.
“A lot of our friends own their homes so we obviously don’t see it with them, it’s that next age bracket that will be worse off,” she said.
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