Never before have there been so many foreclosures come into the market place in Australia at one time. The statistics are now following on from last year. With 2012 dramatically increasing in Foreclosure numbers it didn't mean that all those properties were put on to the market at the same time. Far from it.
The banks can hold on to these properties for 6 or even 12 months before they relist them. It simply makes good economic sense to list the properties when there are buyers back in the market place.
Talking to a data analyst John yesterday, he said "I have never before seen Foreclosure properties come into the market place in such numbers this time of year"..
..no surprise as Queensland tops the list at number one. The record Foreclosures from last year are now starting to hit the market like a tidal wave...
