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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Drop in borrowers seeking super relief

By Staff Reporter
23 November 2009 | 1 minute read

There’s been a sharp fall in the number of borrowers that have had to tap into their superannuation in order to meet mortgage repayments.

According to a report in today’s The Australian Financial Review, the number of applications for early access to super savings dropped 12 per cent last year to 17,918 – the lowest level since 2005-2006.

Overall, the total amount released to borrowers facing mortgage foreclosure fell from $174 million last year to $145 million in 2008-09.

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Drop in borrowers seeking super relief
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Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.