Alors que l’Australie a connu l’une des plus fortes hausses de ces dernières années, atteignant 114%, la page des flambées annuelles à deux chiffres semble être tournée, à Canberra, comme nous vous l’avions signalé, mais également à Sydney.
Nos lecteurs, ayant découvert quelques articles « optimistes » sur la résistance présumée de la pierre de la ville, se demandaient si la montée des prix continuait dans la plus grosse métropole du continent australien.
La réponse semble sans appel, et The Sydney Morning Herald a titré vendredi dernier : « Huge rise in repossession (in Sydney). « Les saisies des biens immobiliers en forte augmentation », pour cause d’impayés il va de soi.
« The number of properties repossessed by banks was higher last year than after the recession of the early 1990s, as a growing number of overstretched investors were burned by Sydney’s house-price slump. »
Le nombre de biens saisis est plus élevé en 2005 qu’il ne l’a été après la récession du début des années 90. Un nombre croissant d’investisseurs surexposés s’étant brûlé les ailes dans la flambée des prix de la pierre, une fois celle-ci inversée.
Les prix du m² à Sydney avait atteint leur sommet à la mi-2003, mais ils ont chuté de 9 à 10% depuis. Les chiffres de la Banque centrale australienne montrent que les prix immobiliers ont baissé en glissement annuel de 4,3% en septembre dernier.
Cette baisse de 10% depuis que le sommet du cycle haussier ait été atteint en Australie, et le nombre record de saisies, confirment que les prix de l’immobilier à Sydney sont eux aussi en net repli.
Australie : l’immobilier y baisse aussi (-8% à Canberra au T4 2005)
Intéressant … Serait-il toutefois possible de savoir comment ont évolué les taux d’intéret dans ce beau pays depuis 2003 afin de savoir si c’est corrélé ? Car si tel est le cas, il va falloir qu’on attende que la BCE se bouge un peu, et ca n’est pas gagné …
Bonjour,
Pour Benjamin:
Depuis 2003 il y a eu 4 ou 5 hausses des taux d’intérêt.
La baisse de l’immobilier est de 20% en + de 2 ans. Cela correspond bien a ce que je vois dans mon quartier (Newtown-Enmore-Camperdown).
Maintenant concernant l’article:
Sydney : 4 millions d’habitants.
Le nombre de saisie : 4 873.
Un calcul très SIMPLET permet de dire que cela représente 0.5% des familles qui ont des problèmes de remboursement.
0.5 % – Pour moi cela n’est pas vraiment significatif d’une crise majeure (du moins pour le moment.)
Au fait désole pour ce silence mais ici c’est l’été. Et qui dit été – dit vacances. Voila, je reviens donc de vacances.
Comme Marie à été très prolifique pendant mon absence j’ai pas mal de lecture a rattraper.
a+
Zebulon
– Pour votre information – Dernier article du SMH –
– Rush for new loans challenges the boom –
By Jessica Irvine and Matt Wade
February 11, 2006
SYDNEY’S home borrowers have ignored the growing mortgage default problem and helped push new lending to a near-record.
The value of new home borrowing reached $15.3 billion nationally in December, the highest level in more than two years and just short of the all-time high at the peak of the housing boom in October 2003. The ranks of new home borrowers in NSW grew 1.7 per cent in December.
The appetite for housing debt has not been curbed by a sharp rise in the number of Sydney borrowers burnt by the downturn in the market, the figures suggest.
Some Sydney real estate agents say mortgagee sales have quadrupled since home prices peaked. The number of property repossessions being dealt with by the Supreme Court has more than doubled since 2003.
Lawyers acting for borrowers say Sydney is being hit hardest, as lenders rush in to repossess and sell properties to beat falling prices, which have dropped about 10 per cent since their peak. The pattern of defaults is a city-wide phenomenon, catching everyone from investors with harbour-front units to suburban battlers.
Vic and Mara Stojkovski bought their three-bedroom house in Tempe 28 years ago, turning it into a home in which to raise their two boys, now 24 and 26.
After refinancing with Liberty Financial a year ago, the Stojkovskis had a run of bad luck, with Mr Stojkovski breaking his hand and losing his licence to drive his cement truck. Because they cannot make the $3740 monthly repayments on their loan, non-bank lender Liberty Financial has given them until February 23 to sell their home or it will be repossessed.
Liberty Financial specialises in « non-traditional loans » for the elderly, self-employed and those with an « imperfect credit rating » or irregular income.
Unable to find drivers for his truck, Mr Stojkovski contacted Liberty Financial to discuss the matter, but to no avail.
« I tell them I couldn’t find anyone to drive the truck … they are not very interested, » he said.
The real estate agent who is organising the auction, Garry Dean, also contacted Liberty Financial to discuss the situation.
« They told me exactly how much he owed … » he said. « They said: ‘You add your costs to that and we’re happy to get that. »
A spokesman for Liberty Financial, Sherman Ma, said it had a responsibility to act.
« It’s not pleasant … but sometimes the best thing to do is to acknowledge the problem and work together quickly to maximise proceeds, » he said.
Mr Dean admitted it would be harder to get a good price in a deflating property market.
« The guy’s in a pickle … it’s just such a bad market. »
The Consumer Credit Legal Centre’s Katherine Lane said aggressive tactics by some « second tier » non-bank lenders targeting vulnerable borrowers had contributed to the surge in repossessions. « Some of these lenders are selling people up so quickly they wouldn’t possibly be able to work out what’s going on, » she said.
Even traditional « first tier » lenders – banks, credit unions and building societies – have been foreclosing more quickly than in the past, Ms Lane said.
Repossessed houses are already selling well below their reserve prices.
A two-bedroom repossessed apartment in Bondi Junction sold at auction last weekend for $515,000, well below its original reserve price of $565,000.
The chief auctioneer at L.J. Hooker, Graeme Hennessy, said repossessed houses or « mortgagee sales » have almost quadrupled over the past two years, the proportion of all sales rising from one in 40 to one in 10.
Mortgagee sales in Sydney tended to be units under $500,000 which had been repossessed by non-bank lenders, he said.
Investors fearing years of stagnant prices may be boosting defaults. « [They’re thinking] rather than selling something else … I may as well just throw up my hands and get rid of this particular property, » Mr Hennessy said.
Supreme Court figures show the number of claims for possession of properties has ballooned from 2361 in 2003 to 4873 last year.
A spokeswoman for the NSW Supreme Court, Sonya Zadel, said it was hard to get a clear picture of the scale of the problem and who was being affected.
« This doesn’t mean people are being kicked out of their homes, » she said. « It could be the bulk of people are in investments. »
The latest default figures from the Australian Prudential Regulation Authority show the proportion of home loans more than 90 days in arrears has been rising steadily since the end of the boom in 2003, albeit from low levels. The proportion for non-bank lenders has more than doubled since the end of 2003.
Lawyers and consumer advocates say the rise in defaults shows protections for vulnerable borrowers are inadequate in the increasingly cut-throat lending market.
Ms Lane said more scrutiny and better regulation of non-bank lenders was needed.
http://www.smh.com.au/news/national/rush-for-loans-challenges-boom/2006/02/10/1139542402615.html
Bonsoir Zebulon,
Je savais bien que vous alliez revenir ! Je ne vous ai pas oublié, et à la première occasion je vous ai fait un article sur Sydney.
Merci pour les infos. 0,5% ou pas, c’est la tendance et l’effet psychologique qui risquent d’avoir un impact sur l’attitude des acheteurs.
Depuis votre départ, je me suis « étalée » et je me « fais plaisir » ici : http://www.blogart.com
Cordialement, M Ph
Nos messages se sont croisés, merci pour l’article. On le lira tous demain. M
Bonjour à tous, et en particulier aux Francophones vivant en Autralie qui nous lisent 🙂
Les nouvelles de l’immo australien confirment la tendance baissière :
http://www.smh.com.au/news/national/harder-they-fall-sydneys-biggest-housing-slump/2005/09/01/1125302684200.html
Voici un extrait :
« Harder they fall: Sydney’s biggest housing slump
Sydney home prices have suffered their sharpest annual fall on record as the property market continues to slump – and experts are tipping the slide to continue for the next few years.
The price of an average established home in Sydney fell 5 per cent last financial year, the biggest drop since the Bureau of Statistics began keeping records two decades ago.
The results are a far cry from the 20 per cent growth rates during the peak of the property boom, with prices now falling faster than during the recession in the early 1990s.
For Sydney, it is a case of the bigger they come the harder they fall, economists say.
With home prices in the city still about seven times the average annual wage – well above historic ratios of five times typical pay – economists are predicting more falls over the next five years.
Kieran Davies, an analyst with ABN Amro, said: « Given prices are so out of line with wages, it wouldn’t be a surprise to see prices remain flat to down for quite a long time – for some five years or longer. »