Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Must-read, must-follow, one of the finest property analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for in-depth analysis' - David Scutt, Business Insider.

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

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'Superlative work' - Grant Williams, founder RealVision.

Tuesday, 25 July 2017

Winning the battle with credit cards

Credit where due

It's true that Aussies are using credit cards more these days - I swipe mine more often myself now that you don't have to remember the PIN every time you use the card.

The total value of outstanding balances is a little higher than 5 years ago, but lower when adjusted for population growth, and quite a bit lower after accounting for price inflation. 

Meanwhile, more of us have gotten smarter about using interest free periods.

See my analysis featured in the number one article on SMH today (click image to view).