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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


Wages growth at a snail’s pace
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Wages growth at a snail’s pace

Australian crawl. Ah, mate. Wages grew by just +0.48 per cent in the September 2017 quarter, to be +2.01 per cent higher over the year. Superficially this looks like a bit of an improvement, and at least it can be said that wages are growing a bit ahead of the rate of inflation. Just. And including…

How high will mortgage arrears rise?
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How high will mortgage arrears rise?

My, there’s been a lot of spirited debate about mortgage stress lately!  For what it’s worth, I expect to see reported mortgage arrears rising from here, though it doesn’t automatically follow that the outlook is therefore deteriorating.  To show what I mean, below you can see that the sharp rise in the unemployment rate during…

Is there a mass exodus from Sydney?
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Is there a mass exodus from Sydney?

Further interesting news from the 2016 Census has been released. Some of it is rather open to interpretation. For example, there was lower employment in the younger age bracket, comprising 15-24 year olds. But, on the other hand, 22 per cent of the population now have a degree or higher level of qualification. That’s up…

Guess how much all the land in Australia is worth?
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Guess how much all the land in Australia is worth?

How much is Australia’s land worth? The answer is about $5.8 trillion, according to the latest Australian Bureau of Statistics (ABS) figures for the 2017 financial year. That’s well over 3 times the level of Australia’s GDP of around $1.7 trillion.  And, at just under $4.8 trillion, about 83 per cent of that dollar value…

Land prices soar
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Land prices soar

Land is arguably the most important part of any property investment. It can’t be removed, relocated, destroyed, or replaced. The Housing Industry Association (HIA) reported today that Australia’s median lot value rose by +8.5 per cent in the 2017 financial year to a record high of $256,683. This came in spite of about a 9 per…

Is our inflation rate an inconvenient truth?
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Is our inflation rate an inconvenient truth?

Bill Evans of Westpac put out a prescient note last week entitled “Inflation – an inconvenient truth”, detailing why inflationary pressures would likely remain soft, possibly with a slowing momentum.  His conclusion was that rate hikes were neither an attractive nor a necessary option given current conditions. And, by no means for the first time,…

Market myth : World ends when Baby Boomers retire
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Market myth : World ends when Baby Boomers retire

Property market commentary has become infused with a tsunami of theories as to why the world is ending. Some represent credible threats, of course. Others represent no such hazard, yet have been espoused so frequently they are increasingly being treated as common knowledge. When “everyone knows” something it’s often a good time to consider whether…