Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

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

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Tuesday 2 July 2024

"Baby boomer wealth transfer story is going to shape markets..."

ausbiz TV

I joined the guys at ausbiz TV today to talk all the latest housing trends.

Tune in here (or click on the image below):


Don't forget to buy your copy of our new book here or here - or in any good bookstore or airport store - and do send us your pics when you have a copy in your hands. 

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P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:

  1. Boom or Bust – 20 minute online workshop for investors

Register for my next free online training - Boom or Bust? How to change your investment plan - book in here

You also download a free copy of my e-book The Only 6 Ways to Become Wealthy here.

    2. Download our property buying guide

Download our free property buying guide here

You can also check out a few of our recent property investment purchases here

Get in contact with us today if strategic property investment is your thing. 

    3. Subscribe to our Top 10 Podcasts for Investors

Listen in to our podcasts

The Australian Property Podcast is rapidly becoming one of Australia's biggest business podcasts, now with well over 50,000 audio downloads per month, and growing fast.

And our popular Low Rates High Returns Show also remains available on Spotify.

    4. Subscribe for my free daily blog

Subscribe for my free daily blog with some 3.7 million hits here

You can also catch up with me daily on Twitter here, where I'm active daily and have over 14,300 followers. 

By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books here.

My new book, co-authored with Cate Bakos is available to pre-order here or on Amazon here - follow our book release and forthcoming release on Facebook here and at our Buy Right podcast series here

5. Work with me privately

For a limited time you can book in a free diagnosis call with me here, so book in a call today.

Monday 1 July 2024

Buy Right podcast, episode 11: A game of financing

Softer data for June

More soft data in the US confirmed that inflation is effectively beaten over the pond, save for a few lagging housing costs, and - as with the UK and Europe - the narrative is now turning to how soon interest rates can be cut. 

Australia has further to travel on this journey, for a range of reasons, but the Melbourne Institute's monthly inflation gauge promisingly showed core inflation falling to 3 per cent over the year to June, brushing towards the top end of the 2 to 3 per cent target range.

The MI gauge is arguably less volatile than the ABS figures, but this does add some weight to the notion that most of the inflationary pressures passed by 6 to 12 months ago, while in real time the economy is cooling. 


ANZ-Indeed's latest job ads figures also fell by a further -2 per cent in June to be -26 per cent below their 2022 highs. 


Given the explosion in the size of the labour force, this appears to point towards an unemployment rate soaring to above 5 per cent in the near future. 


The Reserve Bank of Australia also reported another -3 per cent decline in commodity prices in June in Aussie dollar terms, and the central bank will surely be cautious about the potential for rising unemployment ahead. 

Buy Right podcast

In Episode 11 of our podcast mini-series, Catherine and I discussed how property investing is a "game of finance with houses in the middle", as the old saying goes.

Tune in here (or click on the image below):


Don't forget to buy your copy of our new book here or here - or in any good bookstore or airport store - and do send us your pics when you have a copy in your hands. 

---

P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:

  1. Boom or Bust – 20 minute online workshop for investors

Register for my next free online training - Boom or Bust? How to change your investment plan - book in here

You also download a free copy of my e-book The Only 6 Ways to Become Wealthy here.

    2. Download our property buying guide

Download our free property buying guide here

You can also check out a few of our recent property investment purchases here

Get in contact with us today if strategic property investment is your thing. 

    3. Subscribe to our Top 10 Podcasts for Investors

Listen in to our podcasts

The Australian Property Podcast is rapidly becoming one of Australia's biggest business podcasts, now with well over 50,000 audio downloads per month, and growing fast.

And our popular Low Rates High Returns Show also remains available on Spotify.

    4. Subscribe for my free daily blog

Subscribe for my free daily blog with some 3.7 million hits here

You can also catch up with me daily on Twitter here, where I'm active daily and have over 14,300 followers. 

By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books here.

My new book, co-authored with Cate Bakos is available to pre-order here or on Amazon here - follow our book release and forthcoming release on Facebook here and at our Buy Right podcast series here

5. Work with me privately

For a limited time you can book in a free diagnosis call with me here, so book in a call today.

Rental inflation is easing

Rental price pressures ease a little

Home values rose +0.7 per cent across the capital cities in June, and +8.3 per cent over the year, driven by strong gains in Perth, Adelaide, Brisbane, and smaller gains in Sydney and Canberra. 


Regional markets have held up remarkably well, mainly due to low stock levels, and since the onset of the pandemic the combined regional markets are up in price by more than +50 per cent. 

Source: CoreLogic

Over the 2024 financial year the median home value increased by +$59,000, according to CoreLogic.

Probably the best news in this release was that rental price inflation is easing.

Rents increased by +0.4 per cent in June, and +8.2 per cent over the year, but both of these figures were the lowest since November last year.

Rental markets remain tight, but some parts of the market are bumping up against an affordability ceiling, having seen rents increase relentlessly over the past few years.

This is obviously welcome news for the battle against inflation. 

You can read CoreLogic's full report here. 

---

P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:

  1. Boom or Bust – 20 minute online workshop for investors

Register for my next free online training - Boom or Bust? How to change your investment plan - book in here

You also download a free copy of my e-book The Only 6 Ways to Become Wealthy here.

    2. Download our property buying guide

Download our free property buying guide here

You can also check out a few of our recent property investment purchases here

Get in contact with us today if strategic property investment is your thing. 

    3. Subscribe to our Top 10 Podcasts for Investors

Listen in to our podcasts

The Australian Property Podcast is rapidly becoming one of Australia's biggest business podcasts, now with well over 50,000 audio downloads per month, and growing fast.

And our popular Low Rates High Returns Show also remains available on Spotify.

    4. Subscribe for my free daily blog

Subscribe for my free daily blog with some 3.7 million hits here

You can also catch up with me daily on Twitter here, where I'm active daily and have over 14,300 followers. 

By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books here.

My new book, co-authored with Cate Bakos is available to pre-order here or on Amazon here - follow our book release and forthcoming release on Facebook here and at our Buy Right podcast series here

5. Work with me privately

For a limited time you can book in a free diagnosis call with me here, so book in a call today.