Australian House Price Crush
Date: Tuesday, January 17 @ 14:21:00 PST
Topic: Business News; Market Research


A RECORD number of NSW families lost their homes last year as growing numbers struggled to meet mortgage commitments.

The number of homeowners facing the threat of a court repossession order on their property rocketed by one-third, The Daily Telegraph can reveal.

For the first time, the figure hit 4000 -- or about 11 a day -- compared with 3061 in 2004.



Daily Telegraph





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