Perth families are losing their homes and being chased by debt collectors as councils move to recover more than $73 million in unpaid rates across the city.
The value of outstanding rates ballooned 20 per cent last year, piling more pressure on households already struggling to service mortgages on homes in many cases now worth less than their loan.
Not helping matters is that the total value of rates raked in by Perths 30 metropolitan councils surpassed $1.6 billion last financial year, an increase of about 4.2 per cent on the previous year.
Under the Local Government Act 1995, a council is able to take possession of a property if its rates are left unpaid for three years or more.
City of Stirling launched proceedings to repossess 47 homes…
Read the full article at: https://www.perthnow.com.au/lifestyle/real-estate/perth-families-losing-homes-chased-by-debt-collectors-over-council-rates-ng-b881082869z
