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).

5 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 finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete 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'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - & author of Things That Make You Go Hmmm...one of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Monday, 25 May 2015

Super passes $2 trillion

$2 trillion and beyond

APRA released its superannuation data for the March 2015 quarter, which showed total assets sailing past $2 trillion.

This equated to an increase of 14.3 per cent on the March 2014 figure with total assets boosted by both contributions and returns.


Rise of SMSFs continues

The number of self managed super funds (SMSFs) continued to rise over the past year from 525,410 to 550,706, with total self-managed assets under assets continuing to snowball from $539.5 billion to $594.8 billion.

That said, as a share of the $2.09 trillion of total assets, SMSF assets slipped back a notch.

Meanwhile two of the major banks have banned lending to SMSFs for residential property, which may in turn impact that sector of the market.

The annual rate of return for entities with more than four members was a healthy 13.0 per cent, as compared to a give year average rate of return of 8.0 per cent.

Asset splits

Of the $1.35 trillion invested via entities with more than four members, 52 per cent was invested in equities (split as follows: 24 per cent Australian listed equities, 22 per cent international equities, 5 per cent unlisted equities).

Fixed income and cash accounted for 19 per cent, cash 13 per cent, and property and infrastructure 12 per cent of assets respectively.

The remaining 4 per cent was parked in other assets, such as hedge funds and commodities.