Mortgagee sales in Auckland – graph

by frog

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

mortgagee_sales_aucklandManukau (orange line) is pretty extraordinary – in 2007 there were less forced sales than Waitakere.

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.

2007 2008 2009 % increase
Auckland City 86 161 387 450.00%
Manukau 26 147 323 1242.31%
North Shore 20 65 173 865.00%
Rodney 19 56 155 815.79%
Waitakere 31 54 135 435.48%
Papakura 7 19 53 757.14%
Franklin 8 17 48 600.00%

Does anyone have figures for earlier than 2007?

frog says

Published in Economy, Work, & Welfare by frog on Thu, March 4th, 2010   

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