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Should you fix your mortgage now or stay floating?

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Mortgagee sales hit record high in March

Posted in News

Mortgagee sales in New Zealand hit a record 15 year high in March, figures from Terralink International show. There were 201 sales during the month, up from 42 in March 2008 and the previous record of 191 in December 2008. In February there were 124 sales.

Almost half of the mortgagee sales were in the Auckland region, with 99, up from 51 in February and 76 in January. There were 15 in Wellington (up from 7 in both February and January) and 17 in Canterbury (from 17 and 11).

The Northland region saw 19 sales, which was the same as in March last year, with the next highs being 12 in the Waikato and 11 in Otago.

Here is a link to the report on Zoodle.

Alistair Helm at realestate.co.nz explains why he thinks mortgagee sales may have peaked here.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

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My question would be '

My question would be
' How much smaller does our govt have to get, to enable the productive sector to earn and keep enough to pay its debts' ????

i would think they will

i would think they will peak when unemployment and interest rates peak - both are expected to rise dramatically in the next few years.