GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

Visitors

Articles View Hits
465259

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

Denise Brailey

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form

BFCSA: Auctions have collapsed. Growing Mortgage Stress. Property Bubbles bursting.....

Posted by on in ROYAL COMMISSION URGENT
  • Font size: Larger Smaller
  • Hits: 143
  • 0 Comments
  • Print

 

 

Nine News does Western Sydney mortgage stress

By Unconventional Economist in Australian Property

at 9:29 am on November 8, 2017 | 34 comments

https://www.macrobusiness.com.au/2017/11/nine-news-western-sydney-mortgage-stress/

 

By Leith van Onselen

Nine News last night ran an interesting segment (above) on the growing mortgage stress across Greater Western Sydney, based on research by Digital Finance Analytics’ (DFA):

 

 

With Sydney dwelling values now falling:

 

 

It looks like a re-run of the post-2003 Sydney housing correction, which began in the West and South Western cheaper mortgage belts and slowly filtered inwards.

That’s where auction clearances have now collapsed. It happens in the West first because the demographics cannot support higher house prices for long. People are simply less wealthy and on lower incomes so affordability bites more quickly than further in.

 

But when these outer mortgage belts deflate they trap those that moved out to get a foot on the bottom rung of the property ladder with negative equity and the move-up ladder stalls, plateauing the wealthier burbs as well.

Last modified on
Rate this blog entry:
0

Comments