Sayeth the NZ Herald:
the number of mortgagee sales – where a borrower’s property is sold by the [bank] – reached the highest levels since records began
They’ve only been keeping records since 1994 though 🙂
At the end of the article there are some numbers, which I made a graph of
The graph is a bit misleading – in percentage terms, Auckland City had less of an increase than most. Manukau is still clearly the stand-out, with a 1242% increase.
Does anyone have figures for earlier than 2007?