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90 at 9: Mortgagee sales hit new high in September; listings rising

90 at 9: Mortgagee sales hit new high in September; listings rising

Watch video on YouTube here. Watch on our video page here. Alex Tarrant presents 90 seconds at 9am in association with ASB. The New Zealand dollar finished off the week below 72.5 USc as US stocks ended their week on a low note and fears about the global recovery re-emerged, Reuters reported. Talk about the Reserve Bank of New Zealand's future last week from Labour leader Phil Goff may also have had a downward impact on the currency. Mortgagee sales in New Zealand hit a new high in September, data released by Terralink shows. There were 343 mortgagee sales over the month, which was up from the previous high of 321 in July this year. Mortgagee listings have also been on the rise in recent weeks. Figures supplied to interest.co.nz from realestate.co.nz show mortgagee listings rose to 379 this week, the highest level since 385 at the beginning of August. Finally, South Canterbury Finance looks set to lose 'millions' as a receiver sells the assets of the Oakridge resort in Wanaka, the Sunday Star Times reported. South Canterbury is owed NZ$10.49 million on the resort.

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