Articles by 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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Job vacancies are at an all-time high A welcome break from the endless jabbering on coronavirus case numbers and absurd immigration rules shows job vacancies tearing to an all-time high of 396,100 in November, for a thumping 59 per cent year-on-year increase. Job vacancies in November were absolutely miles above their pre-pandemic levels. New South…

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Melbourne house prices finished the month of December a little lower for the first time in 14 months, down by 0.3 per cent.  Sydney real estate prices also only increased modestly, to be up by 0.3 per cent. Brisbane property prices led the way with a significant 2.9 per cent increase in the month of…

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Credit growth in the Aussie economy picked up strongly to 6.6 per cent for the year to November, as business credit growth surged to 7.3 per cent year-on-year following a strong economic rebound on the reopening.  Total credit growth in the month of November was 0.94 per cent, which is as strong as we have…

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There’s been a notable decline in the average number of persons per dwelling over the past couple of years. For this reason, even without the immigration taps switched on, more dwellings are needed, and indeed bond deposits taken in Sydney haven’t slowed at all this year, in spite of the disruption. Yet new apartment buildings…

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Today’s tip is nothing. Or more specifically about 400 words about nothing. Modern society seems to pride itself on busyness. And individuals are no different. You don’t have to wait long in a conversation for most people to tell you how busy they are. Important people wear being business as a badge rather than as…

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Household wealth rose 5.8 per cent or $735 billion in the June 2021 quarter to a record high of $13.4 trillion. And that’s a time when population growth has stagnated. As a result, the average net worth per capita has jumped by 20 per cent over the past year to $522,000. The average wealth per…

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The RBA’s Michele Bullock spoke on financial stability and housing today, with a rising clamour to stop expensive housing markets (mainly in Sydney). It’s worth noting that even Sydney doesn’t make the top 200 most expensive housing markets in the world from a property price to income perspective. TAKE OUR 3-MINUTE SURVEY: How do you compare…

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First homebuyer numbers are now in decline as the targeted stimulus fades. However, investment loans are now solidly on the increase – offsetting the decline in first-time buyers – leaving total housing lending ex-refinancing flat for another month at $32 billion. Only Canberra/the ACT hasn’t rolled over in terms of first homebuyer numbers, with everywhere…

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Job vacancies have performed extremely well over the past year, but in July there was a 3% decline as renewed lockdowns took their toll.  Vacancies remained 38% higher than pre-COVID levels, which is a mark of how successfully Australia has managed the crisis to date. New South Wales saw a decline of 10% in July…

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