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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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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Jobs swoosh higher Skilled vacancies rose again in May, according to the Department of Employment’s labour market information portal, up by 1.9 per cent over the month to a thumping 245,500. From a year earlier, advertisements are up by a massive 164 per cent. There have been some huge year-on-year increases of more than 200…

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We can expect interest-only (IO) lending to increase over the year ahead as investors come back into the market. Despite this, with more and more IO loans continuing to expire the stock of IO loans outstanding continues to decline. By March 2021 only 14 per cent of the outstanding housing loan stock by value was…

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Personal credit growth was extremely low over the year to March 2021, at -11.7 per cent, as consumers took advantage of stimulus payments and record low interest rates to clear debts. Credit growth across the economy slumped to an extremely low level at just 1 per cent year-on-year. Annual credit growth has only been lower…

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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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