The Wire

It’s the great Australian dream, but for thousands in New South Wales home ownership has become a nightmare. The Supreme court has reported this week that applications by lenders to repossess property, have increased by 59% in the last 12 months, and in 95% of cases the borrowers do not contest the case. So why are so many people finding it impossible to keep up mortgage payments? Catherine Lane, is a solicitor at the Consumer Credit Legal Centre, which provides free legal and financial counselling to people have difficulty with debt.