Articles by Pete Wargent

Pete Wargent

Pete 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


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Bankruptcies hit a 26-year low So don’t believe everything you read about financial stress: stress is declining and the rate cuts have been working. In the December quarter bankruptcies fell to their lowest level since December 1994. There were just 3,385 bankruptcies in the December 2019 quarter, for a -10.6 per cent decline on the…

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We’ve all heard and prosecuted the bear case on Aussie property (and how!) over the past 15 years or so. But what’s the other side of that trade? Here’s the tripartite thesis… 1. The Big Australia The Big Australia, while not formally adopted as a policy, or indeed ever directly voted upon, appears to have…

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The best leading indicators and surveys all seem to point a significant downturn in construction and related trades and materials employed. Interestingly, though, the detailed quarterly employment figures from the ABS showed total construction employment holding up at 1.2 million, or some 9 percent of the employed labour force. Here’s Commsec with the summary statistics:  …

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 We all understand that all types of investment including property investment comes with a risk. So let’s discuss the 10 pre-eminent guises of investment risk, as they apply to Australian property investors. 1. Market risk (or systematic risk) Market risk may affect all investments in an asset class in a similar manner, such as…

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Let’s have a quick look at dwelling supply, now that the latest population growth estimates are in. 2019 was the biggest ever financial year for apartment completions in Sydney and New South Wales, so the rental market is likely to remain soft for quite some time as the new stock is absorbed.   In Victoria,…

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I’ve had a few adrenaline-junkie mates over the years who’ve been into bungee-jumping in New Zealand, skydiving in South America, or riding the canyon rapids. It’s an exciting way to seek stimulation…for them, anyway! On the other hand, I don’t have any buddies that are into driving at 200kmh the wrong way down Sydney’s highways;…

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You’ve heard of the income recession. You’ve heard of the per capita recession. Well, now we have..the private demand recession! Of course, none of these are actually recessions in the traditional sense of the term. And in fact the economy has notched up a record 113 quarters without a technical recession, which is approaching 30…

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Mortgage arrears fell sharply to 1.36 per cent in a seasonal improvement to September 2019 as tax cuts and interest rate cuts flowed through, according to S&P Global. There are some residual longer terms arrears, especially in Western Australia as more lenient foreclosure policies have been applied, but 30 day arrears are now back down…