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
Today’s tip is nothing. Or more specifically about 400 words about nothing. Modern society seems to pride itself on busyness. And individuals are no different. You don’t have to wait long in a conversation for most people to tell you how busy they are. Important people wear being business as a badge rather than as…
Household wealth rose 5.8 per cent or $735 billion in the June 2021 quarter to a record high of $13.4 trillion. And that’s a time when population growth has stagnated. As a result, the average net worth per capita has jumped by 20 per cent over the past year to $522,000. The average wealth per…
The RBA’s Michele Bullock spoke on financial stability and housing today, with a rising clamour to stop expensive housing markets (mainly in Sydney). It’s worth noting that even Sydney doesn’t make the top 200 most expensive housing markets in the world from a property price to income perspective. TAKE OUR 3-MINUTE SURVEY: How do you compare…
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…
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…
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…
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…
With over one million copies sold and having been sold and it being described by Buffett as “by far the best book on investing ever written”, it would be a little foolish to have never read “The Intelligent Investor” by British-born American Benjamin Graham before pretending to call yourself an investor. First published in 1949,…
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…
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…
