Australia’s housing dream is rapidly turning into a nightmare for almost two million households, with new data revealing a terrifying surge in mortgage stress that experts warn could fuel a rise in crime and family violence.

Despite recent RBA rate cuts, the relief is proving to be a mere band-aid on a bullet wound, as the relentless cost of living crisis wipes out any financial reprieve, forcing some desperate homeowners into a dangerous spiral of further credit debt.

The grim reality is laid bare by Digital Finance Analytics (DFA), showing a staggering 1,865,868 households nationally are grappling with mortgage stress.

The situation is particularly dire in Tasmania, where 56.9 per cent of property owners are struggling to meet their household debt obligations.

South Australia isn’t f

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