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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Tuesday, 8 December 2009

Region. St Marys highest in the nation

Mortgage holders in St Marys owe an average of 67.5 per cent of the value of their home, the highest in the country, according to a survey by international ratings agency, Fitch Ratings. The highest average loan-to-value ratio in Australia showed Mount Druitt, second, with 66.6 per cent, Minto, eighth, with 64.6 per cent, Plumpton, ninth, with 64.4 per cent, and Rooty Hill tenth, with 63.9 per cent.

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