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
582412

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: How Australia’s housing crash compares internationally

Posted by on in ROYAL COMMISSION URGENT
  • Font size: Larger Smaller
  • Hits: 84
  • 0 Comments
  • Print

How Australia’s housing crash compares internationally

MacroBusiness 12:15 am on April 4, 2019

Leith van Onselen

 

On Tuesday, I produced a chart pack benchmarking Australia’s current housing bust against prior episodes over the past 30-plus years, which showed that:

·         Australia’s current price decline at the capital city level is the third longest since the early 1980s, but the deepest in terms of depth;

·         Sydney’s is the second deepest decline versus prior episodes, as well as the third longest in terms of duration;

·         Melbourne’s decline is the deepest thus far and the third longest in terms of duration; and

·         Perth’s decline is both the longest and deepest in recorded history.

Today, I have benchmarked Australia’s current decline against those experienced by the US, UK, Ireland and Spain from the mid-2000s, commonly referred to as the Global Financial Crisis, as measured by the Bank for International Settlements:

 

As shown above, Australia’s current decline is relatively minor when compared to the other nations at only 9.2% over 18 months, compared to:

·         USA: 32% decline over 63 months;

·         Ireland: 55% over 69 months;

·         Spain: 37% over 78 months; and

·         UK: 18% over 18 months.

 

That said, at this stage of the cycle (i.e. 18 months in), Australia’s decline has been relatively steep, falling faster than the USA and Spain, but not as fast as Ireland or the UK:

Finally, I have benchmarked Sydney’s and Melbourne’s current decline against the other housing bust nations. As you can see, Melbourne’s decline has outpaced all other nations except the UK at this stage of the cycle (i.e. 16 months), whereas Sydney’s decline is beating the USA and Spain:

So, while Australia’s housing bust has a very long way to go to match the other nations’, it is so far on track.

I will continue to update these charts each month.

 

 

 

 

Last modified on
Rate this blog entry:
0

Comments