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Western Australia Mortgage Repossessions at Record High

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 financial year.

This is a good litmus test of mortgage stress that the State is currently under.

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