Pete Wargent blogspot
Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).
4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.
"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.
"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.
"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.
"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.
Friday, 27 March 2015
Delinquency rates tumble to 8 year low
Delinquencies lowest in 8 years
According to the latest report from Moody's, only 1.19 percent of Aussie mortgages are 30 days past due, the lowest level in 8 years.
This is grand news for Aussie households and reflects the Reserve Bank's conclusion that generally financial stress in Australia is low at the present time.
Greater Sydney 30 day plus delinquency rates withered to just 0.9 per cent.
Meanwhile delinquency rates remain low in Greater Darwin (0.4 per cent), Perth (1.1 per cent), Melbourne (1.1 per cent) and Brisbane (1.2 per cent) as homeowners enjoy record low borrowing rates.
Delinquency rates are a little more elevated in the southern states capitals of Hobart (1.3 percent) and Adelaide (1.5 per cent), where unemployment has been a more pressing issue.
However, Moody's warned that delinquency rates are rising in some regional areas, particularly in the mining and resources states.
This is reflected in the above graphic which reveals regional delinquency rates as being more elevated than those of their respective capital city in every Australian mainland state.