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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There’s been a bit of idle social media talk about lending standards, which overall remain relatively tight. There has been a modest increase in the market share of higher LVR loans, driven by the success of the First Home Loan Deposit Scheme (FHLDS), but overall lending is far tighter than it used to be (with…

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Home Lending surges CoreLogic reported that housing prices rose in October, and the latest lending figures suggest there’s more to come. Investor lending rose another 5 per cent in September, but remains modest overall. But homebuyers are driving the rebound, with owner-occupier lending rising to historical highs, excluding refinancing. First homebuyer numbers understandably fell in…

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Without always knowing it, property investors are pre-programmed with a range of biases which may cause them to interpret information incorrectly and thus undertake sub-optimal investment decisions. Let’s discuss 9 of the key biases that Australian property investors must overcome… 1. Hindsight bias How many know-it-all commentators now confidently proclaim that the financial crisis and…

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Unlike in previous global downturns this time around policy responses have been both swift and enormous, including in Australia.  Australia has seen a significant expansion of the central bank’s balance sheet, a rapid move lower for interest and mortgage rates, a raft of stimulus measures which have driven a substantial Budget deficit, and early access…

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Commonwealth Bank released an update on COVID-19 temporary loan deferrals. On the home loan side of things, deferred facilities fell by 21,000 (or $8 billion) in September. About 93,000 loans remained in deferral, of which 52,000 are due to expire in October, although clearly many of these will be extended out further. Overall, 6 per…

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Confidence bounces, but … Consumer confidence rose +1.2 percent last week to 93.5, according to ANZ-Roy Morgan, a 13-week high. However, confidence levels remain well below the monthly average since 1990 of 112.6, and even still a reading of 93.5 is equivalent to what Australia experienced through the financial crisis. Source: ANZ-Roy Morgan On March…

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There seems to be increasing evidence to suggest that women are better at…well, just about everything, really. In 2011, author Dan Abrams released a book under the title: “Man Down: Proof Beyond a Reasonable Doubt That Women Are Better Cops, Drivers, Gamblers, Spies, World Leaders, Beer Tasters, Hedge Fund Managers, and Just About Everything Else.”…

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