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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We’re about to observe a severe test of Australia’s capacity to deal with adversity, with the economy already in part shutting down. A lot has been said about over the past decade about the record pile of household debt and the ability of Aussies to service it. Most of the increase in household debt took…

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Australia’s population keeps growing. Permanent and long-term arrivals into Australia totalled 844,960 over the year to November, up 2 per cent from a year earlier, but just a notch lower over the past two months. Net of departures, total arrivals were around 297,000, implying population growth of around 380,000 or 1½ per cent after accounting…

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Why do people procrastinate when it comes to saving a deposit or investing in property? Intellectually, I suspect that most people know they should invest, but most people make very poor plans for their financial futures, if they even plan at all. Here are a few of the reasons why people delay investing: 1. Fear…

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Too many of us have a natural tendency to believe that we’ve achieved everything through our own hard graft. It’s all too easy to downplay the fortunate aspects of our circumstances (in my case, for example, being born in a developed country, to well-educated parents, who ensured that I had a good schooling). And then…

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Bankruptcies hit a 26-year low So don’t believe everything you read about financial stress: stress is declining and the rate cuts have been working. In the December quarter bankruptcies fell to their lowest level since December 1994. There were just 3,385 bankruptcies in the December 2019 quarter, for a -10.6 per cent decline on the…

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We’ve all heard and prosecuted the bear case on Aussie property (and how!) over the past 15 years or so. But what’s the other side of that trade? Here’s the tripartite thesis… 1. The Big Australia The Big Australia, while not formally adopted as a policy, or indeed ever directly voted upon, appears to have…

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The best leading indicators and surveys all seem to point a significant downturn in construction and related trades and materials employed. Interestingly, though, the detailed quarterly employment figures from the ABS showed total construction employment holding up at 1.2 million, or some 9 percent of the employed labour force. Here’s Commsec with the summary statistics:  …

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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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Let’s have a quick look at dwelling supply, now that the latest population growth estimates are in. 2019 was the biggest ever financial year for apartment completions in Sydney and New South Wales, so the rental market is likely to remain soft for quite some time as the new stock is absorbed.   In Victoria,…