Thursday, August 02, 2012 - Posted by Philip Harvey
In financial year 2012, there were 1500 mortgage repossession
applications lodged with the Supreme Court. The previous peak was during
the GFC in 2008-2009 and where there were 1342 lodged with the Supreme
Court. Prior to the GFC, the average was approximately 560 in a
This is a good litmus test of mortgage stress that the State is currently under.