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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GDP growth in the economy was just 1.4 per cent over FY2019. After accounting for estimated population growth, there was a negative result for GDP per capita at -0.2 per cent. So while we might not technically be in recession, conditions have clearly been weak. The latest central bank forecasts don’t see a recession –…

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Two of the stronger leading indicators of economic activity are money growth and building approvals. Building approvals are now down 29 per cent year-in-year, and looking at the latest credit growth figures isn’t going to inspire too much confidence either! Housing credit growth was just 0.2 per cent in August as low transaction volumes and…

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Australia’s estimated population growth ostensibly ‘slowed’ to +119,000 in the first quarter of 2019, apparently bringing the annual pace down to +389,000. However, upon closer inspection this was partly due to further processing delays for births in Victoria, which accordingly reduced estimates of the natural population increase. For all the noises about slowing permanent migration…

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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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Bit of a chartfest today: a look at the tale of woe that is building approvals in six quick charts. Attached dwelling approvals nosedived another 18 per cent in July 2019 to be 44 per cent lower than a year earlier, driven by huge ongoing declines in unit approvals in Sydney, Melbourne, and Brisbane. The…

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A bit less so in the news at the moment, but there has been no slowdown in the rate of Australia’s population growth. The population clock will roar to beyond 25½ million within the next six weeks, having first passed 25 million just a year ago. Annual permanent and long-term arrivals hit a record high…

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My wife hails from a farming family, and has always been conscious of the need to survive the lean years which agriculture tends to throw up periodically. Growing up on the farm, there were some years where the inclement British weather didn’t allow for a productive harvest, bringing on acute cashflow concerns. But crop shortages…

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The credit squeeze has stymied the Aussie economy to the brink of a recession – at least in per capita terms – and that’s in spite of booming commodity prices. There was zero business credit growth in May, and the measure turned negative in June. This helped to take annual credit growth sharply down to…