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Articles by Pete Wargent

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Pete Wargent is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. He’s achieved financial freedom at the age of 33 - as detailed in his book ‘Get a Financial Grip – A Simple Plan for Financial Freedom’. Pete now manages his investment portfolio, travels and works as a consultant in the finance industry from time to time. Visit his blog


urban
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Emphatic demographic figures

Immigration rose in FY2017.   There was a strong +11 per cent increase in net permanent and long term immigration into Australia in FY2017 to a total of +291,300. This represents a marked increase, mirroring the recent improvement in the economy and jobs growth. Most are heading to Sydney and then Melbourne, with daylight a…

money savings
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‘Til household debt do us part

Later in the year I’ll be speaking at a banking conference, partly on the subject of household debt. Human nature dictates that readers feel drawn to commentary on the subject tending towards the binary: it’s either a complete disaster set to collapse in a heap, or “she’ll be right, mate”. First a quick look at…

melbourne-2262233_1920
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Melbourne to overtake Sydney within a decade

10-years of population increase Figures released by the ABS today showed that Australia’s population increased by 18 per cent or 3.8 million over the decade to 30 June 2016. That’s a hefty increase, and a rate at which the delivery of infrastructure will struggle to keep pace. Victoria experienced by some margin the largest growth…

job employment australia
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You’re hired!

Hiring has improved significantly in 2017, particularly for full-time jobs, which will be a welcome relief for the Reserve Bank of Australia. Another sometimes useful indicator we can look at is the employment to population ratio, which is less volatile that many of other labour force estimates (since estimates of the resident population are also…

job employment australia
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Full-time employment growth returns

Employment growth picks up Seasonally adjusted employment increased by +14,000 in June according to the ABS, with full-time employment soaring by an outlandish +62,000. Rather noisy monthly figures, of course, but full-time employment has now increased by +187,000 since September 2016, which represents a marked improvement. Total employment now sits at its highest ever level…

population
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Escalation in long term arrivals

Long term arrivals continued to surge in May 2017, suggesting that population growth is heading back towards +400,000 per annum, overwhelmingly focused on the two most populous capital cities plus south east Queensland. Short term inbound arrivals sped up by 10 per cent over the past year to post a record 8.5 million, though the…