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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


Running your own race
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Running your own race

The photo below right was taken at the men’s 100 metres final at the Seoul Olympics in 1988. I can’t quite recall what happened to the poor ailing chap in lane two, but with arm outstretched, Canada’s Ben Johnson has raised his finger aloft to the heavens to signify that he is just about to…

Sydney economy back into pole position
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Sydney economy back into pole position

Sydney jobs surge  Sydney displaced Melbourne as the economy creating the most jobs over the year to July 2017, at more than +71,000. Melbourne created +58,200 new jobs on a net basis, with Brisbane at a more moderate +19,000. Sydney’s annual average unemployment rate continues to trend down, with the monthly unemployment rate in the…

Emphatic demographic figures
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Emphatic demographic figures

Immigration rose in FY2017.   There was a strong +11 per cent increase in net permanent and long term immigration into Australia in FY2017 to a total of +291,300. This represents a marked increase, mirroring the recent improvement in the economy and jobs growth. Most are heading to Sydney and then Melbourne, with daylight a…

'Til household debt do us part
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‘Til household debt do us part

Later in the year I’ll be speaking at a banking conference, partly on the subject of household debt. Human nature dictates that readers feel drawn to commentary on the subject tending towards the binary: it’s either a complete disaster set to collapse in a heap, or “she’ll be right, mate”. First a quick look at…

Melbourne to overtake Sydney within a decade
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Melbourne to overtake Sydney within a decade

10-years of population increase Figures released by the ABS today showed that Australia’s population increased by 18 per cent or 3.8 million over the decade to 30 June 2016. That’s a hefty increase, and a rate at which the delivery of infrastructure will struggle to keep pace. Victoria experienced by some margin the largest growth…

You're hired!
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You’re hired!

Hiring has improved significantly in 2017, particularly for full-time jobs, which will be a welcome relief for the Reserve Bank of Australia. Another sometimes useful indicator we can look at is the employment to population ratio, which is less volatile that many of other labour force estimates (since estimates of the resident population are also…

Full-time employment growth returns
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Full-time employment growth returns

Employment growth picks up Seasonally adjusted employment increased by +14,000 in June according to the ABS, with full-time employment soaring by an outlandish +62,000. Rather noisy monthly figures, of course, but full-time employment has now increased by +187,000 since September 2016, which represents a marked improvement. Total employment now sits at its highest ever level…