Toowoomba properties auctioned to recover mortgage debt incurred in a deal now being investigated by Asic

Up to 100 Aboriginal residents in Toowoomba could be left without adequate housing in the coming months after a private company recently defaulted on millions of dollars in mortgages made against their homes.

Late last year, the tenants of 37 properties located in suburban Toowoomba were informed they would need to vacate by May. The properties, in some cases homes occupied by the same family for over 35 years, were to be sold from under them in a matter of weeks.

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