{"id":711742,"date":"2026-07-26T09:00:34","date_gmt":"2026-07-26T09:00:34","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/711742\/"},"modified":"2026-07-26T09:00:34","modified_gmt":"2026-07-26T09:00:34","slug":"kingston-records-biggest-mortgage-stress-jump-of-any-postcode-in-australia","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/711742\/","title":{"rendered":"Kingston records biggest mortgage stress jump of any postcode in Australia"},"content":{"rendered":"

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.<\/p>\n

The suburb\u2019s figure rose from 525 households to 2,123 during the second quarter of 2026, according to the latest OurTop10 Mortgage Stress Report, compiled by Digital Finance Analytics.<\/p>\n

The report measures mortgage stress by comparing household cash flow, with households considered stressed when regular expenses, including mortgage repayments, exceed monthly income.<\/p>\n

That increase was almost three times the rise recorded in the next fastest-growing postcode, Canning Vale in Perth at 105%.<\/p>\n

\"\"Kingston recorded the biggest quarterly jump in mortgage stress in Australia. Image \/ Pulse<\/p>\n

Kingston has been a major growth area in Hobart\u2019s south, with significant residential development over the past decade.<\/p>\n

PropTrack data shows Kingston\u2019s median house price is now about $775,500.<\/p>\n

\"\"Kingston has attracted many young families looking for a suburb close to Hobart<\/p>\n

OurTop10 director Mansour Soltani said the Kingston result stood out nationally.<\/p>\n

\u201cWhen the number of households in mortgage stress more than quadruples in a single quarter, it tells us financial pressure is building much faster than household budgets can adjust,\u201d he said.<\/p>\n

\u201cTasmania has traditionally been viewed as one of Australia\u2019s more affordable housing markets, but affordability only protects borrowers up to a point.\u201d<\/p>\n

\u201cHigher mortgage repayments, rising living costs and larger home loans are combining to place increasing pressure on households.\u201d<\/p>\n

\"\"OurTop10 director Mansour Soltani said the Kingston result stood out nationally. Image \/ Pulse<\/p>\n

The report estimates 3,431 households were added to the mortgage stress count across Tasmania\u2019s 10 hardest-hit postcodes during the quarter, bringing the total number of stressed households in those areas to 18,870.<\/p>\n

Nine of the 10 postcodes recorded worsening conditions.<\/p>\n

The mortgage stress figures come amid ongoing concerns about housing affordability in Tasmania, where rents, house prices and cost-of-living pressures have all increased sharply in recent years.<\/p>\n

Many borrowers have also faced higher repayments as fixed-rate loans secured during the low-interest-rate period have rolled onto higher variable rates.<\/p>\n

\"\"The report draws on a rolling survey of around 52,000 households nationally. Image \/ Stock<\/p>\n

The pressure is not confined to greater Hobart.<\/p>\n

New Norfolk recorded Tasmania\u2019s second-largest increase at 33%, followed by Launceston suburb Newnham at 18%.<\/p>\n

The report draws on a rolling survey of around 52,000 households to rank Australia\u2019s 80 most mortgage-stressed postcodes.<\/p>\n","protected":false},"excerpt":{"rendered":"Kingston has recorded the biggest quarterly jump in mortgage stress of any postcode in Australia, with the number…\n","protected":false},"author":2,"featured_media":711743,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-711742","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/711742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=711742"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/711742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/711743"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=711742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=711742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=711742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}