PHOTO: Analysts expect mortgage defaults to increase. ABC News: Liz Pickering

The pre-election tax cuts promised by both major parties will be welcomed by tens of thousands of households caught up in what seems to be a worsening national housing crisis.

Key points:

  • Analysts say mortgage defaults are rising at a concerning rate and will continue to do so
  • More than a million home owners struggled with some mortgage stress in March
  • The problem is worse in regional Australia where higher levels of mortgage arrears are being experienced

Researchers have said nationwide mortgage defaults are the highest they have been in almost two decades.

A spokesperson from peak housing and homelessness body National Shelter, an organisation at the front line of housing stress, said too many Australians have hit rock bottom.

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