repossesions

NEW figures from the New South Wales Sheriff’s office show home repossessions in the state have fallen substantially since last year.

The office figures show between January and July 2009, home repossessions were 30 per cent lower than during the same period last year. In total 300 fewer homes were forcibly taken from their owners.

The one big difference to the economic backdrop, is interest rates which have successively and sharply fallen over the past twelve months to be at record lows.