’There are basically no mortgagee sales anywhere.’’ In 2020, 112 mortgagee sales were recorded in New Zealand, in a year that featured Covid-19 and the resulting nationwide lockdown. STUFF This year was tracking even lower, with 10 recorded to date, Davidson said. Figures from CoreLogic since 2005 show mortgagee sales peaked in 2009 – largely driven by the global financial crisis – with 2620 mortgagee sales recorded. In the wider Dunedin area, four mortgagee sales were recorded in 2019 and none since then, Davidson said. The reason for the decline was low mortgage rates coupled with low unemployment rates. Those factors made it easier for people to service their mortgage, he said.
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