House repossessions up after interest rate rises

休

THERE are new signs that recent interest rate rises have accelerated the number of NSW properties being repossessed by lenders.

Supreme Court figures show there were just under 2300 writs of possession between January and July this year - nearly as many as in the whole of 2005.

The number of monthly repossessions has been rising since January and peaked in July - before the most recent interest rate rise on August 8, which lifted rates to a decade high of 8.3 per cent.

The figures indicate the three previous rate rises - in May, August and November last year - caused a sharp increase in the number of NSW borrowers unable to service their mortgage.

Suburbs in Sydney's west and south-west have been hardest hit, with Blacktown recording 41 repossessions between January and July, Guildford 32 and Merrylands 30.

The jump in repossessions could influence the looming federal election because several marginal Coalition seats on Sydney's outer fringe are in affected areas.

While the worst-hit suburbs are in the safe Labor seats of Prospect, Reid, Blaxland and Chifley, the number of repossessions in the more vulnerable Liberal-held seats of Lindsay and Macarthur is also relatively high.

Even though writs of possession figures count applications on both residential and commercial properties, they indicate the number of family homes being repossessed has risen significantly since the property market peaked around Christmas 2003.

There were 1611 writs of possession registered in NSW in 2003 but there was more than double that number last year - and the total is likely to rise even further.

Lenders seek mortgage repossession orders to take possession of a property when borrowers fail to make their monthly mortgage repayments.

The number of writs of possession recorded by the NSW Supreme Court surged by 55 per cent last year to 3642, but Labor's assistant treasury spokesman, Chris Bowen, who obtained this year's repossession figures under freedom of information legislation, said recent trends suggests the number would reach nearly 4000 this year.

"Rising interest rates have delivered a double whammy to western and south-western Sydney, simultaneously increasing average monthly mortgage repayments while driving down house prices," he said.

"This has left working families struggling to meet their mortgage repayments particularly vulnerable following the August interest rate rise."

The number of Sydney families forced to sell their homes over the past year because they are unable to service the mortgage is probably far higher because many borrowers in distress sell before the lender forecloses. There were a record 1400 auctions in the west and south-west of Sydney in the year to March 31, nearly double the number in 2005.

Analysts say this is another indicator of the rise in the number of families being forced to sell.

House prices in Sydney's northern, eastern and inner-west suburbs have risen strongly this year but property markets in the west and south-west have been stagnant.

villa

谢谢休转帖。看看中译版：



悉尼房产回收七月创新高 西区最严重东北区未幸免





据9月10日《悉尼晨锋报》报道，房产被贷款机构回收再拍卖的数量越来越多，尤其是在悉尼西区和西南区。

最高法院的数字显示，今年上半年，银行总共回收了2298套房产。

仅在7月份一个月，银行就回收了364套，是至今为止最高的数字。

如果这种趋势蔓延下去，到12月份，回收的房产可能会多达4000套，超过去年的总数的3642套。

但是，澳洲的经济还是持续繁荣，大家非常担忧明年初可能会再次出现涨息。

如果真的成为现实的话，对于已经在苦苦挣扎的贷款人来说更是致命的打击。自从2004年大选以来，人们已经经历了五次升息了。

让我们来看看工党获得的官方数字，房产回收由新州高级法庭开出回收令，由警方执行。在截止到7月份的7个月里，黑镇（Blacktown）回收了41套房子，比去年同期少了7套。Guildford回收32套，和去年持平，Fairfield收回25套，Auburn是24套，Parramatta有19套，Liverpool佔到17套。

这些数字还是在八月份涨息之前收集的，虽然大多数集中在悉尼西部，但是比较富裕的北区和东区也未能幸免。

Turramurra收回了4套，Bilgola Plateau和Cremorne有3套，Frenchs Forest﹑Manly﹑Hunters Hill﹑Thornleigh 和 Cammeray分别有2套。

North Bondi有4套，Bondi有3套，Vaucluse﹑ Point Piper和Darling Point各有1套。

这种趋势很是让执政联盟头疼，因为工党利用这些数字来攻击霍华德，当年大选时，霍华德曾经承诺要保持低利率。

反对党助理财相发言人Chris Bowen说，2006年至2007年以来，房产回收的情况越来越严重。“高涨的利率让西区和西南区的民众遭受了重重打击，与此同时，高涨的月还款额又压制了房产的升值。”

休

Supreme Court 译成 最高法院, Hight court 怎么译?

astina

是不是买SYD房子的时机来到了

courier

吼吼，看来可以抽时间看看房子了哈

有朋友买的就是银行收走的房子，价钱超级漂亮哈

bulaohu

原帖由 休 于 2007-9-10 10:38 发表
Supreme Court 译成 最高法院, Hight court 怎么译?

高等法院？

休

原帖由 bulaohu 于 2007-9-10 10:49 发表


高等法院？

权力排位 Hight court> Supreme Court . 高等法院,最高法院,在中文意思那个大?

pwr

最高人民法院大

高级人民法院是省级的

[ 本帖最后由 pwr 于 2007-9-10 11:04 编辑 ]

January

原帖由 courier 于 2007-9-10 10:44 发表
吼吼，看来可以抽时间看看房子了哈

有朋友买的就是银行收走的房子，价钱超级漂亮哈

I know it is a good bargain, but think about the sad stories behind the morgage sale I won't feel very happy. Sigh...

VIP

为什么银行收走的房子就便宜卖?是银行卖房子时不会象个人那样费劲想办法抬价?

philgu

"这些数字还是在八月份涨息之前收集的，虽然大多数集中在悉尼西部，但是比较富裕的北区和东区也未能幸免。

Turramurra收回了4套，Bilgola Plateau和Cremorne有3套，Frenchs Forest﹑Manly﹑Hunters Hill﹑Thornleigh 和 Cammeray分别有2套。

North Bondi有4套，Bondi有3套，Vaucluse﹑ Point Piper和Darling Point各有1套。"

版主, 以上内容在原文找不到啊.

villa

原帖由 philgu 于 2007-9-10 23:10 发表
"些数字还是在八月份涨息之前收集的，虽然大多数集中在悉尼西部，但是比较富裕的北区和东区也未能幸免。

Turramurra收回了4套，Bilgola Plateau和Cremorne有3套，Frenchs Forest﹑Manly﹑Hunters Hill﹑Thornleigh 和 Cammeray分别有2套。

North Bondi有4套，Bondi有3套，Vaucluse﹑ Point Piper和Darling Point各有1套。"

版主, 以上内容在原文找不到啊...

Pace of evictions rises with rates



September 09, 2007 06:00am   Article from: Sunday Herald Sun


THE number of homes repossessed has jumped this year, with homeowners in Sydney's west and southwest the hardest hit.
Supreme Court figures show banks reclaimed 2298 properties in the first six months of this year.

A record 364 properties were repossessed in July - the highest number in any month to date.

If the trend continues, the number of properties repossessed could exceed 4000 by December - up from 3642 in 2006.

With the economy booming, there are fears of another interest rate rise again early next year.

Such a move could have a devastating effect on struggling homeowners, who have endured five rate rises since the 2004 election.

The figures, obtained by Labor officials, show Writs of Possession Orders issued by the NSW Supreme Court and executed by the NSW Sheriff's Office.

In seven months to July, Blacktown had 41 repossessions - seven short of the total for last year.

Guildford had 32 homes repossessed - the same as for all of 2006. At Fairfield, 25 properties were repossessed, with 24 at Auburn, 19 at Parramatta and 17 at Liverpool.

The figures, taken before the latest interest rate rise, also show Sydney's wealthier northern and eastern suburbs are not immune.

Four properties were seized at Turramurra, three at Bilgola Plateau and Cremorne and two at Frenchs Forest, Manly, Hunters Hill, Thornleigh and Cammeray.

Four writs were issued at North Bondi, three at Bondi and one at Vaucluse, Point Piper and Darling Point. The trend poses a major headache for the Coalition, with Labor using the figures to mock Prime Minister John Howard's pledge to keep interest rates low.

Opposition assistant treasury spokesman Chris Bowen said there was a rapid acceleration of repossessions from 2006 to 2007.

"Rising interest rates have delivered a double whammy to western and southwestern Sydney, simultaneously increasing average monthly mortgage repayments while driving down house prices," he said.


http://www.news.com.au/business/ ... 88033-37037,00.html