Pulse Tasmania·4 min read·medium
Kingston records biggest mortgage stress jump of any postcode in Australia
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Pulse Tasmania
✦AI Summary
The suburb of Kingston in Tasmania has seen a 304% surge in mortgage stress over the last quarter, the highest in Australia. Rising living costs and high interest rates are cited as the primary drivers for this financial strain on households.
Kingston has recorded the biggest quarterly jump in mortgage stress of any postcode in Australia, with the number of stressed households surging 304% in just three months.
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