New research from Roy Morgan showed that 30.8% of mortgage holders, approximately 1,560,000 people, were considered “at risk” of mortgage stress in April, a 0.5% increase from March.

This rise still falls below the peak levels seen earlier in the year.

“The pause in rate increases for the last six months since November 2023 has reduced the pressure on mortgage holders,” said Michele Levine (pictured above), CEO of Roy Morgan. Rising household incomes have helped mitigate mortgage stress.

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