Pete Wargent blogspot
Tuesday 30 November 2021
Housing credit impulse cools
Building approvals now on the wane
Property showcase: Investing beyond your own backyard
Saturday 27 November 2021
Record auction volumes
Friday 26 November 2021
Looking for value
Hottest property location in 2022
BIP SHOW! Property market outlook
BIP Show
Tune in here on Acast (or click on the image below):
You can also check it out at Apple podcasts, Amazon, and all the rest, of course.
Top 30 investor suburbs
Thursday 25 November 2021
New Podcast: Can you still renovate profitably in today’s market?
Property Pod
Tune in here (or click on the image below):
You can also tune in on Spotify, Apple podcasts, etc.
Sydney apartment shortage in 2022?
BIP Show!
BIP Show
I'll be on the BIP Show this week with Paul Colgan, James Whelan, and Ken Veksler, talking about how far interest rates might rise in Australia through this cycle and when, and the related impact on housing...and a whole load of other stuff as well.
Tune in on Friday...don't miss it!
Investing beyond your own backyard
Borderless investing
I discussed investing beyond your own backyard with SPI on this short podcast here:
Tuesday 23 November 2021
Mortgage stress plunges to all-time low
Monday 22 November 2021
The end of boom conditions
4 reasons models don't point to 30pc declines
Saturday 20 November 2021
Extra listings cool the market
Podcast: Hunting value, African lions
Thursday 18 November 2021
Personalised 'Where to Buy' report
Wednesday 17 November 2021
Wages growth stutters along
Remarkably, private sector wages growth of just 2.40 per cent was the strongest result in 6½ years.
Lowe says "no, no, no" to markets
Lowe not for turning
For those interested in such matters, today saw the delivery a very interesting speech from Governor Philip Lowe.
Summarily, although there has been a spike in inflation in some areas, the conditions which have produced lower inflation over the past decade and more have not gone away (globalisation, improvements in technology, the ability to outsource work to Asia, etc.).
Although wages are expected to rise from here, the latest data and forecasts do not warrant an increase in the cash rate in 2022, stated Government Lowe once again.
You can read the transcript here (or by clicking on the image below):
Financial markets still beg to differ, pricing for a potential salvo of interest rate hikes in the second half of calendar year 2022.
Source: ASX
Lowe confirmed that whatever markets may think, the Reserve Bank will not hike rates to stamp out housing price growth.
Where to next?
Lots of moving parts here, of course.
Generally speaking, my recent experience in Europe suggests to me that although we might to see an initial "hedonism trade" as folks get excited about experiencing sociable activities again, working practices may take plenty longer to get back to something akin to 'normal' than expected.
Also pulling against the reopening euphoria will be Aussies desperate to travel overseas again after a two-year hiatus, leaking their Antipodean 'stimmy cheques' and Aussie dollars overseas, while the swelling of the labour force as international students and other arrivals return may also cap wages growth before it takes off in earnest.
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In real time, Australia went through 38 million vaccine doses delivered today.
New South Wales has now double-dosed more than 90 per cent of its population aged over 12, so Sydney will be first cab off the rank for an economic sugar hit as the international borders reopen.