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Articles by Pete Wargent

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is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. Using a long term approach to building businesses, investing in equities, & owning a portfolio he achieved financial independence at the age of 33. Visit his blog


How to win life’s lottery
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How to win life’s lottery

The acclaimed Richard Koch of The 80/20 Principle fame suggested thinking of life as a lottery, for which you can buy two types of ticket: red tickets – expensive & time-consuming to obtain, but the conventional route to success. Most people can only acquire a small number of red tickets, as they require a good deal of hard…

3 ways to avoid getting completely anchored
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3 ways to avoid getting completely anchored

At the G20 Summit in London in 2009, UK Prime Minister Gordon Brown struck a historic deal to tackle the global financial meltdown, at the time hailed by President Obama as a turning point for the global economic recovery.  Following days of intense and stressful negotiation, Brown was able to announce that $1 trillion would be…

An Unexpected outcome for the apartment building boom
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An Unexpected outcome for the apartment building boom

One of the unexpected outcomes of this record construction cycle has been that Melbourne’s assumed structural oversupply of dwellings never really arrived, except for high-rise apartments in some isolated pockets.  Why were the forecasts and forecasters wrong? Partly because of the weakness of the respective economies or Perth, Darwin, and Adelaide, Melbourne began to attract…

Here’s the latest ATO stats on negtaive gearing
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Here’s the latest ATO stats on negtaive gearing

Data released by the Australian Taxation Office (ATO) showed that just shy of 2.1 million Australians declared an interest in a rental property for the 2016 financial year. The number declaring a net rental loss to the tax office has declined over the past four years of available figures, mainly due to lower mortgage rates….

This is what Sydney is going to look like in 2046
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This is what Sydney is going to look like in 2046

Like many getting-a-bit-long-in-the-tooth Sydneysiders, I’ve increasingly been having recurring daydreams about selling a place at Bondi or in the inner west and trading it for a mansion at Maroochydore (or sometimes it’s a mooring at Mooloolaba).  Probably about once a fortnight I have these fantasises, on average, I reckon. And then reality bites. I wake…

Are migrants taking all the jobs?
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Are migrants taking all the jobs?

Inside Story’s Tim Colebatch revisited a pet theme last week — immigration — in particular citing the following snippet from a Treasury report Shaping a Nation (a report which was intended to highlight the benefits of immigration), with his own comment added beneath:  ‘”Recent migrants accounted for two-thirds (64.5 per cent) of the approximately 850,000 net jobs…

Royal Commission to squeeze mortgage lending
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Royal Commission to squeeze mortgage lending

The Housing Finance figures were released for February 2018 this week, reported as “housing finance falls in February” (Australian), “Falls felt for February” (Rate City), and so on. Interesting interpretations, given that housing finance was…well, up! Anyway, having allowed a few days to elapse, here are four thoughts. 1 — Loan sizes up One interesting thing…

How to build a great property team
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How to build a great property team

How do you choose a great property team around you? A fair few years have been swept under the bridge now since I studied Business Management, but with quite a bit of real world experience under my belt I thought it might be an opportune time to look at how you might go about building…