Stock market crash/slump ?
Biden has not uttered one word about decrimalizing dope he DNGAF what he promised , black people and Mexicans in America are far more likely to be arrested for petty marijuana offences than any other ethnic group , Biden sold out the people who voted for him years ago his legislation to this day still allows millions of Americans to have their lives destroyed by the drug war ..
Why would Biden care about marijuana? No one does except a singular fringe Australian here. Get real. It is legal in much of the US and I am sure you know it. You should whinge about Australian drug laws instead. I don't care if people here are smoking it. But I do care if they drive, and kill innocent people. Other than that no issues for me. Personally I would look forward to total legalisation here, a bit.
Denmark offers homeowners 20-year loans at a fixed interest rate of zero
By Frances Schwartzkopff
January 6, 2021 — 3.00am
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The country with the longest history of negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero.
Customers at the Danish home-finance unit of Nordea Bank Abp can, as of Tuesday, get the mortgages, which will carry a lower coupon than benchmark US 10-year Treasuries.
Since 2012, Danish homeowners have enjoyed continuous slides in borrowing costs.
Since 2012, Danish homeowners have enjoyed continuous slides in borrowing costs.CREDIT:SAM MOOY
Denmark stands out in a global context as the country to have lived with negative central bank rates longer than any other.
Back in 2012, policy makers drove their main rate below zero to defend the krone's peg to the euro. Since then, Danish homeowners have enjoyed continuous slides in borrowing costs.
The once unthinkable notion of borrowing for two decades without paying interest comes as central bankers across the globe shy away from rate hikes. No major western central bank is likely to raise rates this year, according to Bloomberg's quarterly review of monetary policy.
As rates have continued to sink, other banks in Denmark – home to the world's biggest mortgage-backed covered-bond market – are joining Nordea.
For someone with a $400,000 mortgage, slicing their interest rate from 2.5 per cent to 2.09 per cent would save them $80 a month.
Should your home loan interest rate have a '1' in front? Maybe …
Totalkredit, a unit of Denmark's largest mortgage lender, Nykredit Realkredit A/S, says it will also offer 20-year loans at 0 per cent. Danske Bank A/S, Denmark's biggest bank, has signalled it may follow suit.
Danish lenders first issued 20-year bonds with 0 per cent coupons a few years ago, as investors looking for a safe place to park their money drove down rates. This is the first time since then that such a product has returned to the shelves.
Demand is there, Lisa Bergmann, chief housing economist at Nordea Kredit, said in a note. The bond is likely to p
given the push towards the Great Reset who would risk buying a house when the plan is to strip you of all assets ( and you will rent everything )
that yield curve inversion signal is still in play
not a guarantee it will happen before July 2021 , but has a high recent accuracy rate ( just have an alternate strategy ready just in case )
A Stock Market Crash Of 65-80% This Year?
this year could easily be as treacherous as last year , or worse
a useful hint is to keep an eye on the cash held by LICs some like to free up cash ready for a market dip
they aren't always accurate but you will work out who are the better ones to watch after a while
Ha ha what a laugh,
" Anyone interested in scheduling a free consultation and portfolio revue with Mike Preston and John Lodra and their New Harbor consultation team, click here "
Do you know what an alternative view is, the vacines arrive and covid19 is controlled giving a boost to the world economy, investors new enthusiasm, and the share market rises even further !!!
but but the vaccines are here ( in the Northern Hemisphere ) up to 5 of them ( counting the Russian and Chinese ones )
and they still want masks , lock-downs and social distancing is nothing else that is additional fear in investors
look at the Malarkey in Queensland IN SUMMERTIME
vaccines ( when they work ) limit the severe symptoms of the disease
the theory is your body's immune system is ready to react sooner with a specific plan how to bear the bug
PS those advisors do NOT take international customers who have no assets in the US , probably too much extra paperwork
all that 'stimulus ' is tax-payers future taxes ( or their children's grandchildren or great grandchildren
what is going to be fun , is to see how they budget after they reduce the global population by billions of people
will the super rich finally have to pay their share of the taxes ( trust funds or not )
BTW if vaccines worked as you say the Flu would have been beaten at least years ago
it is not the covid that is a problem , it is the lunatic politicians and 'scientists ' that worship it
think of it a tiny virus without even a single brain cell is controlling half the country ( or all of it it Britain's case )
stay safe , if your doctor believes all this rubbish you may as well cure yourself and wait for computers to replace them ( the doctors )
no restrictions yet soon no one will be able to shop go out without running the gauntlent of being fined or imprioned no one will be able to go to a resturaunt be employed travel or recieve centrelink if they have not been vaccinated and or microchipped by a faceless foriegn corporation , the discrimination that most people have been happy to allow to happen to drug users for the last 90 odd years is being expanded to include the entire population .
Regional house prices soar 40pc as pandemic accelerates boom
Jan 13, 2021 – 1.44pm
Residential property prices in the coastal hamlet of Austinmer, about 70 kilometres south of Sydney, jumped by more than 40 per cent in the past 12 months as COVID-19 accelerates a shift from big cities.
Prices in Byron Bay jumped by more than 39 per cent, while Queensland's Sunshine Coast is up more than 14 per cent over the same period, according to an exclusive analysis by Digital Finance Analytics.
There have been more than 80 inquiries about this house for sale in Austinmer, where prices have soared by more than 40 per cent in the past 12 months.
Home prices in inland cities, such as Albury-Wodonga, have also increased by more than 10 per cent, the analysis showed.
Overall, regional areas are growing at more than three times the pace of capital cities as COVID-19 accelerates the trend for people to move, particularly from Melbourne, to country centres, according to a separate analysis by JP Morgan Securities.
Improved working from home capabilities and lower base prices have also driven the exodus from Sydney and Brisbane to less densely populated areas within commuting distance of the capitals.
Buyers are more likely to buy detached houses, which is likely to increase downward pressure on prices of high-density apartments – particularly in Melbourne and Sydney, where supply is increasing.
Tim Lawless, head of research for CoreLogic, which monitors property markets, said the move from big cities is also reflected in shrinking discounts, shorter time on the market and reduced properties for sale in popular regional centres.
“That’s creating some urgency among buyers and supporting upwards pressure on housing prices,” Mr Lawless said.
Working from home is the biggest driver of people moving from Melbourne.
— Peter Julian, Belle Property, Geelong
Liz Ritchie, chief executive of Regional Australia Institute (RAI), a think-tank targeting regional issues, said significant growth in regions during the past decade has been boosted by the pandemic.
Between 2011 and 2016 – the most recent comparison available – more than 1.2 million people either moved to regional Australia or moved around regional Australia from one location to another.
Property sales and vacancy rates show Australians are two times more mobile than people in most European nations.
The three most popular destinations include the Gold Coast, Newcastle and Sunshine Coast, according to the RAI analysis. Geelong, Cairns, Toowoomba, Ballarat, Bendigo and Lake Macquarie are also popular.
“Almost overnight, COVID-19 has triggered flexible and remote working,” Ms Ritchie said.
In Victoria, where the COVID-19 outbreak resulted in a lengthy lockdown, property prices outside Melbourne increased by 18 per cent, according to an analysis by JP Morgan Securities.
Australians and international celebrities alike are jostling for position in the hills above Wategos Beach in Byron Bay. Peter Braig
Regional areas in NSW and Queensland also outperformed. According to the Real Estate Institute of NSW, property values rose 7 per cent across regional NSW in 2020, around double the gains recorded in Sydney.
NSW regional sales volume in the three months to November rose by more than 14 per cent.
The underperformance of urban areas has been exacerbated by a sharp drop in migration and overseas students.
Less time on market
The average time to sell a property across most regions in Australia during the past year has reduced from 40 to 36 days, which is three days longer than in capital cities, according to CoreLogic’.
“Longer selling times across regional Australia might come as a surprise since regional prices are rising at a faster rate,” Mr Lawless said. “But the longer selling time may partly reflect the sale of properties that have languished on the market prior to conditions improving halfway through last year."
Faster selling areas, such as regional Victoria and NSW, have the smallest average vendor discounts of 2.1 per cent and 2.4 per cent respectively.
The trend is also reflected in falling rental prices for apartments and houses in Sydney and Melbourne, with apartments posting the biggest declines on record, according to Domain.
Asking rents for outer city properties are stable or rising in NSW regions, including the Blue Mountains and Central Coast, and in Queensland’s Sunshine Coast and Gold Coast.
According to Roy Morgan research, about two-thirds of working Australians, around 10.5 million people, have changed their work location because of the pandemic, with a large proportion being forced to work from home.
Major employers want office-based work for collaboration, learning and customer interaction but are prepared to consider allowing people to work from home, or an office near their home, for a couple of days a week.
“Working from home is the biggest driver of people moving from Melbourne,” said Peter Julian, principal of Belle Property Group in Geelong, located about 75 kilometres south-west of Melbourne.
Mr Julian, who has sold real estate in the region for 20 years, said prices in Geelong and nearby Lorne, have jumped between 7 and 10 per cent in the past six months.
The region's good road and rail links to Melbourne are a big attraction for buyers who range from first-timers and young families seeking a change in lifestyle through to retirees. he said. “Demand for land, homes or lifestyle properties is outstripping supply three-fold.”
Firefighter Jason Alonzo and his pregnant wife, Rebecca, are among those seeking space and driving the suburban housing boom.
Urban exiles are fuelling a suburban housing boom across the US
Settling for $12.5 million on Christmas Eve: The Simpsons at 8 Challis Avenue in Sydney's Potts Point.
House prices surge again as stimulus keeps market pumping
The ability to work from home and commute to the office a few days a week is also driving demand in Newcastle, about 170 kilometres north of Sydney.
Scott Walkom, principal of Walkom Real Estate, said demand is the strongest since before the 2008 global financial crisis, particularly from working families and retirees from Melbourne and Sydney. He estimates prices have risen by about 9 per cent in the past four months.
In Austinmer, Rolf Lokker, director of AM Rutty Coastal Real Estate, says easy road access to Sydney has helped boost "record" demand and price growth.
Lokker, who has been an agent in the area for 30 years, said he has received more than 70 "genuine" inquiries during the past week for a 1980s three-bedroom, single-storey brick house about 6 kilometres from the beachfront.
any thoughts on the BHP price rise
are they chasing future growth , or is BHP seen as a safe haven in a cautious market