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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.

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BFCSA: The bubble has FINALLY burst! House prices fall in Australia's biggest cities and more declines are tipped

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The bubble has FINALLY burst! House prices fall in Australia's biggest cities and more declines are tipped 

Daily Mail Australia 2 January 2018

Stephen Johnson

 

Sydney and Melbourne property prices have gone backwards and are expected to slide in 2018.

Home values in Sydney shrunk by 0.9 per cent in December while Melbourne prices slipped by 0.2 per cent, marking the first monthly drop in the Victorian capital since February 2016,  property data group Core Logic's Home Values Index says.

Sydney still has a median house price of $1.058 million, which is more than double that of Perth and Adelaide and 27 per cent higher than Melbourne's $832,735.

However, the harbour city's annual real estate price growth pace has plummeted from a peak of 17 per cent in May last year to just 3.1 per cent at the end of 2017 - marking a 14 per cent turnaround.

Core Logic's head of research Tim Lawless predicts Sydney will drag down the national housing market this year.

'In 2018, the housing market performance is likely to be significantly different relative to previous years,' he said.

'We're likely to see lower to negative growth rates across previously strong markets, more cautious buyers, and ongoing regulator vigilance of credit standards and investor activity.'

Core Logic said a 20 per cent turnaround in property price growth was likely.

'Previous downturns have seen the annual number of sales fall by around 20-25 per cent from peak to trough; considering the cyclical peak in transactional activity occurred over the twelve months ending August 2015,' Mr Lawless said.

Units are still expensive in Sydney, with the median price of $774,124 significantly higher than the median price of a house in Brisbane, Adelaide, Perth, Canberra, Hobart and Darwin.

 

Darwin and Perth were the worst performing markets last year, with property prices falling annually by 6.5 per cent and 2.3 per cent respectively.

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