NSW house repossession orders down 6% in final quarter of 2011
NSW house repossession orders declined by 6% in the final quarter of 2011 compared with the corresponding period in 2010, according to writs of possession notices issued by the NSW Supreme Court.
There were 614 writs of possession notices issued in final quarter of 2011 compared with 649 in the final quarter of 2010 and 703 in the final quarter of 2009.
There was also a similar decline (5%) in the number of writs issues in the second half of the 2011 compared with the first half of the year, with 1,467 writs issued, up from 1,378.
In the final month of the year, there were 150 writs issued, with the Liverpool’s Casula the worst offender with three writs issued.
In total there were 2,845 writs of possession notices issued over 2011. The worst month was May, when 301 writs were issued by the NSW Supreme Court.
In May, Bankstown in Sydney’s outer west and Young, 272 kilometres of south west of Sydney, had the highest number of writs issued, with five apiece.
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In 2010 there were 2,564 writs issued, a 33% decline on 3,816 issued in 2009.