Monday, 7 March 2011

Region. Repossessions in the region

Fairfield and Kellyville each had nine mortgage repossessions lodged in the December quarter in the NSW Supreme Court, while Rooty Hill, St Clair and Greenacre each had six. Broken Hill, in far west NSW, and Narara, on the central coast, were the two locations that stood out in the quarter figures. Broken Hill had 18 repossession actions and Narara had 12. Mortgagee repossession actions lodged totalled 2564 last year. By comparison, during 2009 there were 3800 and 4000 in 2008. The peak was 5370 in 2006 in the wake of the low-doc price boom that swept Sydney's outer-west.



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