tag:blogger.com,1999:blog-14897466537401093592024-03-19T19:47:52.071+11:00Pete Wargent Daily BlogReal-time Aussie analysis: ECONOMY | REAL ESTATE | MARKETS Unknownnoreply@blogger.comBlogger3885125tag:blogger.com,1999:blog-1489746653740109359.post-67324085568374580922024-03-19T17:10:00.002+11:002024-03-19T17:19:17.448+11:00RBA on hold, with a dovish tinge...<div style="text-align: justify;"><b><u>Rates on hold as expected</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Interest rates were on hold, albeit with perhaps a slightly dovish tilt from the Reserve Bank today, manifested in a lower Aussie dollar post-announcement: </div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijArnRHrRmla3MT4VNHYwoQ9_0j2eCJgsrNa5YmpdEMG0axHp3aE9_H28pe6DHXF-PTQx55FijMp9zxu5v3K4O8FXHn5ejIahVaVX8-HSpZO5h6U9AWTBmUjRrM656SoSTtR0I7ZBGoU2XxJ0sJhIFYyeARuwgiWYa4YEovvFG5hNiVWLVGC2UtGfp0lw/s1040/AUD.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="799" data-original-width="1040" height="492" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijArnRHrRmla3MT4VNHYwoQ9_0j2eCJgsrNa5YmpdEMG0axHp3aE9_H28pe6DHXF-PTQx55FijMp9zxu5v3K4O8FXHn5ejIahVaVX8-HSpZO5h6U9AWTBmUjRrM656SoSTtR0I7ZBGoU2XxJ0sJhIFYyeARuwgiWYa4YEovvFG5hNiVWLVGC2UtGfp0lw/w640-h492/AUD.png" width="640" /></a></div><br /><div style="text-align: justify;">Australia's 3-year bond yield also took a small leg lower from 3.75 per cent to 3.68 per cent.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Currently policy settings are clearly restrictive, not least for consumption and the supply of new housing.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">It's also worth remembering that around <a href="https://www.theaustralian.com.au/nation/borrowing-overall-costs-to-rise-even-if-rba-holds-as-fixedrate-mortgages-expire/news-story/f6af1f591754f287eed42068a005a7f0" target="_blank">250,000 households</a> are still to come off low fixed rate mortgages onto dramatically higher variable rates, and this is causing a steady build-up of mortgage and financial stress. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Not too much in it, really, but there's a general sense that the battle with inflation and a previously overheating economy is being won, and the next move in interest rates will be down. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Markets a 3 in 4 chance of an interest rate cut by August, with a cut fully priced in for September. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><div style="text-align: left;">---</div><div style="text-align: left;"><br /></div><div style="text-align: left;"><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? 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Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is rapidly becoming one of Australia's biggest business podcasts, now with over 30,000 unique listeners per month.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And our popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; 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font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglW0G43RUURpyauXYEJ3v2MT3s5oxGreXlrpjoTCySfn05BhMPPgLLyaaKSkxByIGVgiOKGuai2RvotL2c93ieXMYuyk1TdZBNO6RAON6YbOy7U5grK4Fvx-7DSCQ7dfpWKgc8sU6MWl9l_7EYUqHlo3WkT36L0X73bAdmC-C3vQTwzzuNKCoSYzPTRTc/s819/Dove.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="545" data-original-width="819" height="426" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglW0G43RUURpyauXYEJ3v2MT3s5oxGreXlrpjoTCySfn05BhMPPgLLyaaKSkxByIGVgiOKGuai2RvotL2c93ieXMYuyk1TdZBNO6RAON6YbOy7U5grK4Fvx-7DSCQ7dfpWKgc8sU6MWl9l_7EYUqHlo3WkT36L0X73bAdmC-C3vQTwzzuNKCoSYzPTRTc/w640-h426/Dove.jpg" width="640" /></a></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-77002877819529951692024-03-19T10:57:00.017+11:002024-03-19T13:56:54.103+11:00Inflation expectations ease a bit further<div style="text-align: justify;"><b><u>Don’t wait to buy land; buy land and wait…</u></b></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">I saw one of those interesting posts on the Property Talk Australia Facebook group yesterday, showing parcels of land for sale up in Collaroy, in Sydney's Northern Beaches. </span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">The auctions were scheduled for April 1922, 102 years ago next month, with a <span style="background-color: white; text-align: left;">£</span>2 deposit required for purchase. </span></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjolmVyuDaommkzkCZwVFBTGauVDhF0Qhyphenhyphenko3Z8-IHx78qjWqEEC9_-f3idgUGvnV-xiggvwVIpjMVZxO1dnYNb_tVomKlSsTyboUe1RF-JMpKmnD0qY1jzx5LBP13djqXy6cssJ3w2z1kbrUp2PbgEIIEBSDkPUlcx3XRv9qagoKWLIHx_bGI8Zl6nBPk/s1732/Inflation3.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1732" data-original-width="1102" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjolmVyuDaommkzkCZwVFBTGauVDhF0Qhyphenhyphenko3Z8-IHx78qjWqEEC9_-f3idgUGvnV-xiggvwVIpjMVZxO1dnYNb_tVomKlSsTyboUe1RF-JMpKmnD0qY1jzx5LBP13djqXy6cssJ3w2z1kbrUp2PbgEIIEBSDkPUlcx3XRv9qagoKWLIHx_bGI8Zl6nBPk/w408-h640/Inflation3.jpg" width="408" /></a></div><br /><div style="text-align: center;"><u><i>Source: Property Talk Australia</i></u></div><div><br /></div><div style="text-align: justify;">Today these blocks would have unimproved land values of around $2 million, if not a bit more for some of the superior blocks up on the beaches, being the popular part of the world that it is!</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Of course, we've been through periods of high inflation and low inflation, high interest rates and low interest rates...and even a shift from the old pounds to Aussie dollars in 1966. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Some of the blocks are also better than others, granted, but by my rough calculations that comes to a compound annual growth rate of more than 11 per cent (but less than 12 per cent).</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">Split the difference, and call it 11<span style="background-color: white; text-align: left;">½</span><span style="background-color: white; text-align: left;"> </span> per cent. </span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">As Cameron Murray pointed out on <a href="https://petewargent.blogspot.com/2024/03/podcast-great-housing-hijack.html" target="_blank">last week's podcast</a>, as we get wealthier as a nation, we simply spend more of our wealth on housing. </span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">It’s a much simpler and better model for thinking about the user cost of real estate, and explains well why Aussie housing gets more expensive over time. </span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;"><b><u>Inflation hedge</u></b></span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">Come to think of it, </span>11<span style="background-color: white; text-align: left;">½</span><span style="background-color: white; text-align: left;"> </span>per cent per annum is<span style="font-family: inherit;"> not too different from total returns from stock markets over the same kind of timeline.</span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">The difference with real estate is that you can typically leverage the results 5x or more.</span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">Of course, every so often articles surface about whether real estate is a "good" investment or a "sub-par" investment, and what-not. </span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">But I normally pretty much ignore them because they rarely take account of how leverage is used in the real world, how in imperfect housing markets you can add value to properties through renovation or extension, or how you can redraw the equity you create to buy more investments.</span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">It's also easier to use leverage through multiple cycles, do the unique lending conditions for residential housing. </span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">That's presumably why I know considerably more people with $5m to $10m property portfolios than I do stock portfolios. </span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">I reckon we can say that at the very least this graphic underscores why people like to own land and real estate in the landlocked city suburbs of Australia.</span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br />At a time when currency debasement is of concern, property tends to work pretty well over time as a reasonable inflation hedge.</span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">I read in the financial media this week that construction unions are pushing for 26 per cent pay rises - whether that comes about is another matter, but I doubt the cost of new housing is going to fall any time soon. </span></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b><u>Inflation expectations ease</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">In that context, it was a relief to see consumer inflation expectations dropping back to 4.9 per cent, the lowest level in more than two years since February 2022, according to ANZ-Roy Morgan's survey. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Consumer inflation expectations are now much closer to where they were in 2018 - when the official rate of inflation was actually below the 2 to 3 percent target range - so are likely commensurate with the Reserve Bank hitting its inflation target. </div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEOOrr9WkibDTBQ3j8UiQX3b-1ZzaXNZ3bQaGUquUFSN2r5jdX2Y_Q78qispLUsn2-OAPl_m3_Wqk0cniaxo24KQm15wVeXM6uV1zss6hxP3H1HhiZpTqVSTADhGxcNP8M875ZOnWsXSHA0DS4QM86FcLuHuC2Vs7CUbNSoWfGHdmK1pvrli_S3SA8I9U/s789/Inflation.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="556" data-original-width="789" height="452" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEOOrr9WkibDTBQ3j8UiQX3b-1ZzaXNZ3bQaGUquUFSN2r5jdX2Y_Q78qispLUsn2-OAPl_m3_Wqk0cniaxo24KQm15wVeXM6uV1zss6hxP3H1HhiZpTqVSTADhGxcNP8M875ZOnWsXSHA0DS4QM86FcLuHuC2Vs7CUbNSoWfGHdmK1pvrli_S3SA8I9U/w640-h452/Inflation.jpg" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">Consumer sentiment generally remains low, with higher interest rates slowing consumption, and with wages growth also now rolling over.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The Reserve Bank will keep interest rates on hold today at 4.35 per cent, as <a href="https://jamesfostermacro.blogspot.com/2024/03/preview-rba-march-meeting.html" target="_blank">previewed by the king of analysis James Foster here</a>. </div><div><br /></div><div><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? 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Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is rapidly becoming one of Australia's biggest business podcasts, now with over 30,000 unique listeners per month.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And our popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,900 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p></div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUS6IqM7-MkKf3iX4n1BiPCqfjFbTze5mhsPIzNENJNf-PGaRaV1lw6irX8SIzMUdl9XM_SvDmplGlWOCFvwobGnTaegt-0I0ZHofaRQM8-BpGEo_w2CnaB3NybGeOvF9vQzDSqNtknkLVoJYqh6K0l4BeVHOL_TBUhiLlGrYL3j0HIaD7BbquIIw8IJ0/s816/Inflation2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="539" data-original-width="816" height="422" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUS6IqM7-MkKf3iX4n1BiPCqfjFbTze5mhsPIzNENJNf-PGaRaV1lw6irX8SIzMUdl9XM_SvDmplGlWOCFvwobGnTaegt-0I0ZHofaRQM8-BpGEo_w2CnaB3NybGeOvF9vQzDSqNtknkLVoJYqh6K0l4BeVHOL_TBUhiLlGrYL3j0HIaD7BbquIIw8IJ0/w640-h422/Inflation2.jpg" width="640" /></a></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-83733787657396349562024-03-17T09:17:00.003+11:002024-03-17T16:07:54.028+11:00Podcast: Is Australia just “a quarry with decent Universities”?<b><u>2-Sense podcast</u></b><div><br /></div><div><a href="https://www.raskmedia.com.au/2024/03/17/is-australia-just-a-quarry-with-decent-universities/" target="_blank">Join Batesy and I here</a> to hear all the latest property market news and views (or click in the image below):</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.raskmedia.com.au/2024/03/17/is-australia-just-a-quarry-with-decent-universities/" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="518" data-original-width="782" height="424" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDpqOkKlkRNOPRyRja6O7t0ABx2KKv1QThyzhodOVyG93JslspbGV5863gzAMJv_E-vpeplJr1ulZvJoHCbMB5UUxjNypIUDyZhCDvsCnUm6aOdNpkaywQ9FFpjHmsuWYjNA5hQh8HesSZJLS_nkI6PaDi146IJwrjaRRcTyiYyaUEs0cVqS41S6PV4Jc/w640-h424/Pod.jpg" width="640" /></a></div><br /><div>You can also watch the <a href="https://www.youtube.com/watch?v=fRQQqmU8qlE" target="_blank">video version here</a>:</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/fRQQqmU8qlE" width="320" youtube-src-id="fRQQqmU8qlE"></iframe></div><br /><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts, with over 30,000 unique listeners per month.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,900 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcESiXXRs8XmlYeXhJNUvykNsH6jxrm4ryaCw2J2s64XPTZySSPi1Lvtk8SpgdaeYDplhGQat1KmCVPTdIGbqFTNtqE4dRTE7IuJ6YgvJv8-tvD69nR5OcKXU1a9Ir0Uhj8d40BoBuSXduiPSOrGeneEw1t_QAJ1SWZw-5OZTfV9jWWtzPqFuQO4YFF5Q/s818/Pod.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="540" data-original-width="818" height="422" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcESiXXRs8XmlYeXhJNUvykNsH6jxrm4ryaCw2J2s64XPTZySSPi1Lvtk8SpgdaeYDplhGQat1KmCVPTdIGbqFTNtqE4dRTE7IuJ6YgvJv8-tvD69nR5OcKXU1a9Ir0Uhj8d40BoBuSXduiPSOrGeneEw1t_QAJ1SWZw-5OZTfV9jWWtzPqFuQO4YFF5Q/w640-h422/Pod.jpg" width="640" /></a></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-9344522817593079042024-03-14T22:40:00.002+11:002024-03-15T10:57:49.511+11:00Build to Rent announcements in 3, 2, 1...<div style="text-align: justify;"><b><u>Rental crisis erupts</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">I was down at the footy last weekend and it's a very sad sight to see what extremely high population growth combined with far-too-tight lending standards is resulting in for Brisbane.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Judging from the vibes on social media people are generally livid about the rate of net immigration sustained through 2023, and now accelerating into 2024. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Some thoughts for debate, in a social post which wound up all the people you'd most expect it to...</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbEoYrWdwDsnF92pbzrq6JUMzesMYQqzSqhyphenhyphenWP_hQyemhYN4moFo8Z-iaC-XHnCVoKQyXcMWWcspna8FAekRD5vxF2Md_Vs09J311Zq2HoJEnmflf6VG3jS6j_Ga1v0p91Q26ydGVG06H7-6zD4MJlZEBhIuieF1xSaaG5UcBEW34r7Z6mEhz_YaySSCE/s749/PW1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="537" data-original-width="749" height="458" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbEoYrWdwDsnF92pbzrq6JUMzesMYQqzSqhyphenhyphenWP_hQyemhYN4moFo8Z-iaC-XHnCVoKQyXcMWWcspna8FAekRD5vxF2Md_Vs09J311Zq2HoJEnmflf6VG3jS6j_Ga1v0p91Q26ydGVG06H7-6zD4MJlZEBhIuieF1xSaaG5UcBEW34r7Z6mEhz_YaySSCE/w640-h458/PW1.jpg" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVWy3oHmVILUYkCfU8EHY7ljEjCjfHd0670-KJEk-FcL1V-lW2y9U7gW0QJtvoC018UtvWmAC3vmaOTzAn-CrrABXFXu82wjROnCsjUBYQOHHZj8FHaKJGkJBeCp-zde76fPmUgYN4bRSmPpGgIfm8Fb1-uhBFEglxVCdmbOVAqFy-omQBnupF6JCkrjo/s754/PW2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="225" data-original-width="754" height="190" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVWy3oHmVILUYkCfU8EHY7ljEjCjfHd0670-KJEk-FcL1V-lW2y9U7gW0QJtvoC018UtvWmAC3vmaOTzAn-CrrABXFXu82wjROnCsjUBYQOHHZj8FHaKJGkJBeCp-zde76fPmUgYN4bRSmPpGgIfm8Fb1-uhBFEglxVCdmbOVAqFy-omQBnupF6JCkrjo/w640-h190/PW2.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">Some hyperbole here, of course - which is a key strategy for engagement farming - and yet more than a grain of truth as well. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">PropTrack reported another decline in rental vacancies in February.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiLgPrehbSro0RKH5GNVi6eYbnnxhYaSSpZFN8bwSR6JFMR9K6Oft8Gjp3OO4W04S70yryzQpJVFrJpVKoh8aJldiSlfTpsdnlyj1mH0BQs1xkgPpvmr23075m9A7ycFf0WfE18rv6fkdFUV20W6FRWSoxe2j7Mxx6vV2GUSrHxWlxKjyMGLtX5o3srt0/s845/PT.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="435" data-original-width="845" height="330" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiLgPrehbSro0RKH5GNVi6eYbnnxhYaSSpZFN8bwSR6JFMR9K6Oft8Gjp3OO4W04S70yryzQpJVFrJpVKoh8aJldiSlfTpsdnlyj1mH0BQs1xkgPpvmr23075m9A7ycFf0WfE18rv6fkdFUV20W6FRWSoxe2j7Mxx6vV2GUSrHxWlxKjyMGLtX5o3srt0/w640-h330/PT.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: center;"><u><i>Source: PropTrack</i></u></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Notably Victoria has a record low number of properties for rent at 6,750, with the average property now leasing in only 20 days. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">I don't think that the punitigve land taxes are going to help here.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Sydney's quarterly decline in rental vacancy rates was even steeper, dropping from 1.39 per cent to a record low of 1.11 per cent. </div><div><br /></div><div>Expect some damage limitation policy announcements over the coming weeks...</div><div><br /></div><div><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts, with over 30,000 unique listeners per month.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,900 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivYmQEg8FXyesiXN3CbgyXMzVeS1MsqKLrK7VrLGHkZIo_eDP7u9x2UPGcXUUwmgW7GQQ22d1MEZ030hZvTQ_tiS0psOh6adj67QELDRg3KLUabQF1sPsXQH_zLVdTW_zOg7mm67awc8-oHRMuW_rYrgdW0ns9cgF6tFssBCxZMqDOybXTiCtDeWBpSUg/s821/Tower.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="540" data-original-width="821" height="420" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivYmQEg8FXyesiXN3CbgyXMzVeS1MsqKLrK7VrLGHkZIo_eDP7u9x2UPGcXUUwmgW7GQQ22d1MEZ030hZvTQ_tiS0psOh6adj67QELDRg3KLUabQF1sPsXQH_zLVdTW_zOg7mm67awc8-oHRMuW_rYrgdW0ns9cgF6tFssBCxZMqDOybXTiCtDeWBpSUg/w640-h420/Tower.jpg" width="640" /></a></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-11887543304259555732024-03-14T13:19:00.002+11:002024-03-14T13:23:08.275+11:00Immigration accelerates to new highs...<b><u>Record immigration</u></b><br /><div><br /></div><div>The ABS released the latest arrivals and departures figures, and the numbers are big...really big!</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNUnV08sLtHohF8Y6kenljNkxoz45nblnqgyfu4xgOXbSaY5C61v9Ruv7qWWd-bK3IvRNFZjjvXKSyxjBvMFlt_Bg235kY4QS7ycw519FYJ-IK0h7Wwgs2eACAN6WdULix6ZQGrgyUQrss3_RyKVWEJ7GRZFCZzC7BEsk-wWaxfwYjikUJUq7OpSjHw24/s1073/ABS3.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="697" data-original-width="1073" height="416" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNUnV08sLtHohF8Y6kenljNkxoz45nblnqgyfu4xgOXbSaY5C61v9Ruv7qWWd-bK3IvRNFZjjvXKSyxjBvMFlt_Bg235kY4QS7ycw519FYJ-IK0h7Wwgs2eACAN6WdULix6ZQGrgyUQrss3_RyKVWEJ7GRZFCZzC7BEsk-wWaxfwYjikUJUq7OpSjHw24/w640-h416/ABS3.jpg" width="640" /></a></div><div style="text-align: center;"><u><i><br /></i></u></div><div><div style="text-align: center;"><u><i>Source: ABS</i></u></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">It was the biggest January on record for permanent and long-term arrivals at 125,410 (+28 per cent from last year).</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Overall, there were more than 2.1 million arrivals in January 2024, which is obviously a lot. </div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg377X3bLnywTWL-cNGKSp_QufGpFju3r76fmd2Dw2mk2_3lFHxUCPLxJBsDL3BFmqAr6-BLy2f9LbfqldtG-ZijtMDtU91-d1I3ulZQ_koTRaqZs6278lY0hilqtdpF8JOvam51IamV_bu0kJayXupK80j79sFup2leNOAR7yF1_1KT_E-qoWuB5flX6U/s1087/ABS4.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="755" data-original-width="1087" height="444" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg377X3bLnywTWL-cNGKSp_QufGpFju3r76fmd2Dw2mk2_3lFHxUCPLxJBsDL3BFmqAr6-BLy2f9LbfqldtG-ZijtMDtU91-d1I3ulZQ_koTRaqZs6278lY0hilqtdpF8JOvam51IamV_bu0kJayXupK80j79sFup2leNOAR7yF1_1KT_E-qoWuB5flX6U/w640-h444/ABS4.jpg" width="640" /></a></div><br /><div style="text-align: center;"><u><i>Source: ABS</i></u></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">On the other hand permanent and long-term departures declined by -8 per cent from a year earlier, to around 70,000.</div></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Over the year net permanent and long-term immigration has accelerated to<span style="font-family: inherit;">wards <span style="background-color: white; text-align: left;">½ </span>million. </span></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPuG0vmzMz0pvDE4kgtiVbdM__4hMBDXiaCvtUwVzXWVA0_jW0JMBYY3lZDjVpZWow_P67DUrR9GsUcwF7uPHPOWH-ZjFvCYZsJZRmV_68ClHWPHKlqI3m6IyaOscG-ZLa8oW-AVtG2avPhWzRZak2Bx3izOKw2spHYfTsqItmiIAzbRP5cxZ2uMoaPW0/s1381/ABS1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="817" data-original-width="1381" height="378" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPuG0vmzMz0pvDE4kgtiVbdM__4hMBDXiaCvtUwVzXWVA0_jW0JMBYY3lZDjVpZWow_P67DUrR9GsUcwF7uPHPOWH-ZjFvCYZsJZRmV_68ClHWPHKlqI3m6IyaOscG-ZLa8oW-AVtG2avPhWzRZak2Bx3izOKw2spHYfTsqItmiIAzbRP5cxZ2uMoaPW0/w640-h378/ABS1.jpg" width="640" /></a></div><div><br /></div><div>This has solved the labour shortage, but created a massive dwelling shortage in its place.</div><div><br /></div><div>As such the inflation shifts from wages to the price of new housing and rents. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Chinese visitors are way down on the pre-COVID days but are at least recovering (and February will see 200,000 arrivals from China given the timing of Lunar New Year). </div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDydGqEHlJMZoz24BhXd0EcepOpm0x7g05aU3oSlrgOcTS2vDcXto0lzI4PqxziCShsmQyiSbyfU3wHkszNHQmokosIgSd76g_m4eql-jY2pgaxH3JrCzKoeE-MyIwaNm7-MhwI8irO74v-G5U_1HcnJ0-H7Gc3D7HvZ1Vwd9QTkaq3nL2_pvUMprsQAU/s1441/ABS2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="801" data-original-width="1441" height="356" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDydGqEHlJMZoz24BhXd0EcepOpm0x7g05aU3oSlrgOcTS2vDcXto0lzI4PqxziCShsmQyiSbyfU3wHkszNHQmokosIgSd76g_m4eql-jY2pgaxH3JrCzKoeE-MyIwaNm7-MhwI8irO74v-G5U_1HcnJ0-H7Gc3D7HvZ1Vwd9QTkaq3nL2_pvUMprsQAU/w640-h356/ABS2.jpg" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: justify;">If you're not following Antipodean Macro and Only Charts yet...well, you should be!</div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><a href="https://www.antipodeanmacro.com/p/only-charts-df7" target="_blank">Here</a> Justin Fabo looks at the trends for net overseas migration, which are accelerating again.</div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8RvLKNdKOEn6c8pX9oP-EzR3aAU5Ihp-sEtOilqTpwVO1OS3BQrkQY3mfiCNu7Nm2D_Wf1oDJZzf8XKRQEtnlFByvjKhccSnATzKFx1_jBw4ftNGiWxnWwUiyySzqdWWushRIitSfcQDSIQH9U1gs6ORugnV1YbV2iiGsQ6A0fbTvgIfeMgEjs8_eAfY/s901/Fabo.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="769" data-original-width="901" height="546" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8RvLKNdKOEn6c8pX9oP-EzR3aAU5Ihp-sEtOilqTpwVO1OS3BQrkQY3mfiCNu7Nm2D_Wf1oDJZzf8XKRQEtnlFByvjKhccSnATzKFx1_jBw4ftNGiWxnWwUiyySzqdWWushRIitSfcQDSIQH9U1gs6ORugnV1YbV2iiGsQ6A0fbTvgIfeMgEjs8_eAfY/w640-h546/Fabo.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">There's not too much to add here except with tent cities springing up, there's a serious political issue brewing related to immigration levels, which are presently faster than our capability to build for. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Expect the government to make a fresh announcement on visas, as was the case with housing targets, but whether anything meaningfully changes any time soon is another question.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><div style="text-align: left;">---</div><div style="text-align: left;"><br /></div><div style="text-align: left;"><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts, with over 30,000 unique listeners per month.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,900 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. <br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWsNd0wtNMD-8-2bCg6UD5-VVANjn8w065Mc33QzQGtbbnFmkTH5mSG4hvkGAExyhO3wzhrF152k1-haRwYcvTgZgrQ8hKTeFHPJEGEpgxTKBrDyxz-O5M6Fu7DmuABJRpVWOmU6G_ZMy-9p_OvcHPi-GJGlIxXFb3fVJXPU0HGPsJYzGQtTRsPW5H3Co/s831/Airpores.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="542" data-original-width="831" height="418" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWsNd0wtNMD-8-2bCg6UD5-VVANjn8w065Mc33QzQGtbbnFmkTH5mSG4hvkGAExyhO3wzhrF152k1-haRwYcvTgZgrQ8hKTeFHPJEGEpgxTKBrDyxz-O5M6Fu7DmuABJRpVWOmU6G_ZMy-9p_OvcHPi-GJGlIxXFb3fVJXPU0HGPsJYzGQtTRsPW5H3Co/w640-h418/Airpores.jpg" width="640" /></a></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-44080833031755928222024-03-12T20:11:00.005+11:002024-03-12T20:40:29.041+11:00Podcast: The Great Housing Hijack!<div style="text-align: justify;"><b><u>Housing Hijack!</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">It was exciting to get Dr. Cameron Murray on the podcast to discuss his controversial new book, <b><i>The Great Housing Hijack!</i></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><a href="https://www.raskmedia.com.au/2024/03/12/the-great-housing-hijack-dr-cameron-murray/" target="_blank">Tune in here</a> (or click on the image below):</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.raskmedia.com.au/2024/03/12/the-great-housing-hijack-dr-cameron-murray/" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="383" data-original-width="727" height="338" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilANk7nmrWNMRGULeekqHuOycEUrI9HyTmk8L8cpixcXLgrI9PQ2BCJt-BMOSWYP2W7RterEDgWIQCpOcm_jCxBoCZiDbXcIHCJqi1DedwFOd6hTodRP25EIupiZgcTKCvFYSPuOLpVmkoqV6Rnb_Be2zWG_0H0iQfgqtMUsVnouYkwbJrqFTEkNrRLbs/w640-h338/APP.jpg" width="640" /></a></div><br /><div>You can also watch the video version on <a href="https://www.youtube.com/watch?v=wXNRoBMhRgY" target="_blank">Youtube here</a>:</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/wXNRoBMhRgY" width="320" youtube-src-id="wXNRoBMhRgY"></iframe></div><br /><div><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts, with over 30,000 unique listeners per month.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; 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font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7QqqUabp5pt0xVH7qD0DGjMjx6BMSLMkV7KgAAkSODt37MpDoxsOFb6FhnPPYEeAHmHMvDNXcmRZB9aO1snbvtuX6Oy9vPdQJq6PFaOIe6Vkl_UdhpElb0VTppyQegx8j786WHiSKozfcrIjiwR2DtwPWegTnyh4dsKseIhBf8qQSEv9eWQ_7ux2Y1n0/s819/HJ.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="537" data-original-width="819" height="420" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7QqqUabp5pt0xVH7qD0DGjMjx6BMSLMkV7KgAAkSODt37MpDoxsOFb6FhnPPYEeAHmHMvDNXcmRZB9aO1snbvtuX6Oy9vPdQJq6PFaOIe6Vkl_UdhpElb0VTppyQegx8j786WHiSKozfcrIjiwR2DtwPWegTnyh4dsKseIhBf8qQSEv9eWQ_7ux2Y1n0/w640-h420/HJ.jpg" width="640" /></a></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-84029981849726893192024-03-12T19:58:00.007+11:002024-03-12T20:06:02.601+11:00Is there a 'bubble' in Australian property?<div style="text-align: justify;"><b><u>Mostly efficient markets</u></b></div><div style="text-align: justify;"><b><u><span style="font-family: inherit;"><br /></span></u></b></div><div style="text-align: justify;"><span style="font-family: inherit;">Back in 2019, I wrote about why it's often smarter to adopt a view that markets are fairly efficient most of the time <a href="https://petewargent.blogspot.com/2019/11/emh-versus-asset-bubbles.html" target="_blank">here</a>.</span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">It's pretty unrealistic to compare today's property markets to the decades preceding the deregulation of the financial services sector (and the financialisation of housing markets that followed). </span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">It's also worth noting <a href="https://petewargent.blogspot.com/2024/01/lucky-country.html" target="_blank">how well capitalised</a> Aussie banks are these days, as compared to the pre-financial <span style="font-family: inherit;">crisis era.</span></span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><div><span style="font-family: inherit;"><span style="background-color: white;">Today the most highly capitalised internationally comparable banks in the world versus our own 'Big 4' banks rank</span><span style="background-color: white;"> ANZ (1st), Commonwealth Bank (2nd), Westpac (4th), and the National Australia Bank (6th).</span></span></div></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQQr06iFEOmdXde0woNwl7xvrsFOzmxzT7xjVs8mMM3J5zOCxJIAZNMMZKzo28ZaxMRBo3G5PNteDBGdr2oRDIl22P4v7c0X7bvmAJtdmyUW3nk4mC3h5q1Y4pH-LLh96oayFL0yyQQLO-dyFqaTgb6cMmuyizSA5wPh8grD5XrUcmopLGHOny17e45ys/s1208/Capitalised.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="655" data-original-width="1208" height="348" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQQr06iFEOmdXde0woNwl7xvrsFOzmxzT7xjVs8mMM3J5zOCxJIAZNMMZKzo28ZaxMRBo3G5PNteDBGdr2oRDIl22P4v7c0X7bvmAJtdmyUW3nk4mC3h5q1Y4pH-LLh96oayFL0yyQQLO-dyFqaTgb6cMmuyizSA5wPh8grD5XrUcmopLGHOny17e45ys/w640-h348/Capitalised.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><span style="background-color: white;"><span style="font-family: inherit;">Compare the left-hand side of this graphic to 2008, to a time when most banks around the developed world had Tier 1 capital ratios in the range of 6 to 8 per cent, and often lower. </span></span></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">In that context, an updated look at the value of the Aussie housing market...</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b><u><span style="font-family: inherit;">Looking frothy?</span></u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The ABS reported today that the value of the Aussie housing market increased to an estimated $10.3 trillion in the December 2023 quarter, up from around $9.8 trillion a year earlier.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPugTjk1J5NSa7aAKxbeIE5lwkFvPVNN18k9RN2rIy4G3nUbO-dK2DmW-F5elUgLG3uax3Q7XQkltEWF7iI-XofbgbXfGTcg5lJJI2eNev362GAz7_xmtYA5dRCZ2TTwtXsUDiAWRcCNsK9dFP5RZnEb7TDjZUXumxjZBkSIME3KNNpMsO_bla-o7YcCs/s1414/ABS1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="804" data-original-width="1414" height="364" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPugTjk1J5NSa7aAKxbeIE5lwkFvPVNN18k9RN2rIy4G3nUbO-dK2DmW-F5elUgLG3uax3Q7XQkltEWF7iI-XofbgbXfGTcg5lJJI2eNev362GAz7_xmtYA5dRCZ2TTwtXsUDiAWRcCNsK9dFP5RZnEb7TDjZUXumxjZBkSIME3KNNpMsO_bla-o7YcCs/w640-h364/ABS1.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">This presents an opportunity to update the charts comparing the value of the housing <i>stock</i>, to the size of the economy (for which we can use annual GDP, measured as a <i>flow</i>). </div><div><br /></div><div>Australia's GDP originally fell sharply during the COVID lockdowns, but has since rebounded solidly. <br /><div><br /><div class="separator" style="clear: both; font-weight: bold; text-align: center; text-decoration-line: underline;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFfAsxPtwMp_lF_WAMbn_YkhxKoz2a3QGoZn9PhXklLd6ZpU8gamJV_F7giuhlVOu28GuIflkA3T4__iwDNJ1OoOZgPX6Etw_3J8oEzow1bC1ACaGtExZ50QeWxFb-D3iix8Uh2XoigyJrzx_hpG7GV4CvqLPhGAJH4SZmMQASZb2SpJkTR2VepbU0UJU/s1339/GDP2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="808" data-original-width="1339" height="386" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFfAsxPtwMp_lF_WAMbn_YkhxKoz2a3QGoZn9PhXklLd6ZpU8gamJV_F7giuhlVOu28GuIflkA3T4__iwDNJ1OoOZgPX6Etw_3J8oEzow1bC1ACaGtExZ50QeWxFb-D3iix8Uh2XoigyJrzx_hpG7GV4CvqLPhGAJH4SZmMQASZb2SpJkTR2VepbU0UJU/w640-h386/GDP2.jpg" width="640" /></a></div><div style="font-weight: bold;"><br /></div><div>This puts the value of dwelling stock back to around 4x GDP, which is down from a peak of 4.6x GDP.</div><br /><div class="separator" style="clear: both; font-weight: bold; text-align: center; text-decoration-line: underline;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJZHhHwR2nBFAjtksRAgZmMcsmsGESvmxlNli1kWvhw0hLqBpapjv1DPrGOkWN8EtblE6fV3hwh8V_koq4sofUD6r17PkA1ZgopIdrg7F5trZQ5xPGeQal_vzVePqR9oEQlY90bLAF9a2boXsRjcXeNSHndyfsURJO4LpZehVGIjpI9P5NLRLfVa3q3Tg/s1353/GDP1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="805" data-original-width="1353" height="380" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJZHhHwR2nBFAjtksRAgZmMcsmsGESvmxlNli1kWvhw0hLqBpapjv1DPrGOkWN8EtblE6fV3hwh8V_koq4sofUD6r17PkA1ZgopIdrg7F5trZQ5xPGeQal_vzVePqR9oEQlY90bLAF9a2boXsRjcXeNSHndyfsURJO4LpZehVGIjpI9P5NLRLfVa3q3Tg/w640-h380/GDP1.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">As noted in previous articles, these measures are only useful up to a certain point.</div></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Clearly if interest rates were to stay at their current level for too long then eventually there would be a good deal of mortgage stress.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">However, it's also fairly evident that financial markets expect mortgage rates to fall over the next few years, possibly by quite a lot.</div><div style="text-align: justify;"><b><u><br /></u></b></div><div style="text-align: justify;"><b><u>Not enough housing</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">There's also a chronic shortage of housing building up in Australia.</div><div style="text-align: justify;"><br />SQM Research reported today that the national residential vacancy rate fell to just 1 per cent in February, with declines in Sydney, Melbourne, Canberra, Darwin, Brisbane, and Hobart.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Only Adelaide and Perth were stable, but vacancy rates are already at practically zero in those two markets.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZQG2DOaaGpRo3K-hekPZwGn49Jy1W5lQFhNdW0Jbh0pAiRvYOqz3EHB4ge-kCffTMqOIa5bffkWKxazl0Hezq6zTWTnPWSSCaiR2HAjfYtqzAnEkRm5m6MCEeTtdWgVdWlAkKNqb1zRgNJDmCNrYaT3sDfj1NcECBW2HM9Va8tqJiFAez_qysEHRK-tg/s1348/SQM1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="805" data-original-width="1348" height="382" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZQG2DOaaGpRo3K-hekPZwGn49Jy1W5lQFhNdW0Jbh0pAiRvYOqz3EHB4ge-kCffTMqOIa5bffkWKxazl0Hezq6zTWTnPWSSCaiR2HAjfYtqzAnEkRm5m6MCEeTtdWgVdWlAkKNqb1zRgNJDmCNrYaT3sDfj1NcECBW2HM9Va8tqJiFAez_qysEHRK-tg/w640-h382/SQM1.jpg" width="640" /></a></div><div><div><br /></div><div style="text-align: justify;">Asking rents rose another +1.2 per cent over the month, and even the CBD vacancy rates are now getting tight. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Melbourne's asking rent rose +1.5 per cent, while the median asking rent for a house in Sydney has steepled to above $1,050/week.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">SQM's Louis Christopher noted that vacancy rates are set to fall further in March. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The estimated number of dwellings increased by +52,500 to 11,134,600 over the quarter, meaning that the mean dwelling price increased by +$13,400 to $933,800.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Unfortunately this data series isn't quite as useful as it once was, looking only at a <i>mean</i> price (rather than, say, a stratified median index). </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIXFvQwaQdsCrEjn4kbapWfJccJt6jkF1wffxFOlOysy9iNPKe4HOR2rPsaea9czyNrxeV7mr26JCtwxYi-J8wm-LGVg-nKhR_9MPxcpwLHyMtgOQS7IILL7O8wC1ht4zNhaDHLkzLp7o64ESjbsnubf2MqtW0iFv1hDuvN4_e8RvTz3ED-5B5hH5BKqQ/s1085/Mean.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="650" data-original-width="1085" height="384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIXFvQwaQdsCrEjn4kbapWfJccJt6jkF1wffxFOlOysy9iNPKe4HOR2rPsaea9czyNrxeV7mr26JCtwxYi-J8wm-LGVg-nKhR_9MPxcpwLHyMtgOQS7IILL7O8wC1ht4zNhaDHLkzLp7o64ESjbsnubf2MqtW0iFv1hDuvN4_e8RvTz3ED-5B5hH5BKqQ/w640-h384/Mean.jpg" width="640" /></a></div><br /><div style="text-align: center;"><u><i>Source: ABS</i></u></div></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">To be fair, +52,500 is actually a decent quarterly increase in the number of dwellings, but still it is nowhere near enough given population growth peaking at around +690,000. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Dwelling starts have also slowed very significantly of late. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b><u>The wrap</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Given all of the above, I wouldn't be at all surprised to see the total value of dwelling stock increase by 20 to 25 per cent over the next few years, as the population continues to increase.</div><div style="text-align: justify;"><br /></div></div></div><div style="text-align: justify;">In some parts of the country there may well be a downturn in housing prices, particularly in the popular sea-change and treechange regional markets where there was a super-boom through the pandemic period. </div><div><br /></div><div><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjY-x9QxEZUqIWXjnz-5OiVbUm2x9aFh4gSiPrmVrnv9spq9Dt5jyk5D_QNgOfmcdCMTMcC-lsZech5ivh4E6OWIhKjpQ2w6VuchuejElsR9IZUR9LsqzuE45vmyT5g85IG6F2v_eEDqxCQXxuj3vGkjIzAb5f2Km2FjzR4wxchJr85wwFJGCfMxItpJqM/s738/Bubble.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="545" data-original-width="738" height="472" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjY-x9QxEZUqIWXjnz-5OiVbUm2x9aFh4gSiPrmVrnv9spq9Dt5jyk5D_QNgOfmcdCMTMcC-lsZech5ivh4E6OWIhKjpQ2w6VuchuejElsR9IZUR9LsqzuE45vmyT5g85IG6F2v_eEDqxCQXxuj3vGkjIzAb5f2Km2FjzR4wxchJr85wwFJGCfMxItpJqM/w640-h472/Bubble.jpg" width="640" /></a></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-25221311240634440622024-03-12T11:37:00.004+11:002024-03-14T11:02:13.222+11:00Apartment undersupply looms<div style="text-align: justify;"><b><u>Housing shortage builds</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">I just finished recording this month's Big Picture podcast with Michael Yardney, where we discussed the undersupply of units in Melbourne.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Interesting insights from Charter Keck Cramer in their latest State of the Market reports point to exactly the same thing. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">A couple of excerpts are here:</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSMykDD2-BR8xwRZYWUTCRl89RMufF18aCIb34MWz6e3NzLs0HKi1_w6uUfSFdfVoOa1qcQIQ9QA8hmLIMppMKkfNAeUupiTxuCWhTBS8NKLO6wKdgdZeVndvy4Ci_MQ_43izsdXuvRbw6zGUrcrAVqY5aVDtMoc-1p7rjHxz6hxxu2tejOZuxH9_xDcg/s1365/CKC2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="636" data-original-width="1365" height="298" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSMykDD2-BR8xwRZYWUTCRl89RMufF18aCIb34MWz6e3NzLs0HKi1_w6uUfSFdfVoOa1qcQIQ9QA8hmLIMppMKkfNAeUupiTxuCWhTBS8NKLO6wKdgdZeVndvy4Ci_MQ_43izsdXuvRbw6zGUrcrAVqY5aVDtMoc-1p7rjHxz6hxxu2tejOZuxH9_xDcg/w640-h298/CKC2.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: center;"><u><i>Source: Charter Keck Cramer</i></u></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">It's the same story in Sydney where steepling construction costs, weak pre-sales, and planning amendments are leading developers to review the potential of projects in the pipeline. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Relatively few completions are expected over the next three years. </div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQaOrcgndSLg5I985AWhDkTz9ULpx5IDPo1-wznfMSahvaWPXFbw9FmJzeG34kSn18-JeF9LEkB04SxTjmGwVtR_GaPaABoUjeUtiue-HVXdB648-ZfAEqlfjtSh8SYbJhPoRLNZyQRf86f0NAYUsh1_AKr3IYDGPVFOeK9mH2jBa-jGeapyqiAWFqUQo/s1362/CKC3.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="640" data-original-width="1362" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQaOrcgndSLg5I985AWhDkTz9ULpx5IDPo1-wznfMSahvaWPXFbw9FmJzeG34kSn18-JeF9LEkB04SxTjmGwVtR_GaPaABoUjeUtiue-HVXdB648-ZfAEqlfjtSh8SYbJhPoRLNZyQRf86f0NAYUsh1_AKr3IYDGPVFOeK9mH2jBa-jGeapyqiAWFqUQo/w640-h300/CKC3.jpg" width="640" /></a></div><div style="text-align: center;"><u><i><br /></i></u></div><div style="text-align: center;"><u><i>Source: Charter Keck Cramer</i></u></div><div><br /></div>In Brisbane, CKC projects the undersupply to be chronic.<br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-zxJ-5w6O2OJ_P3YGKBWF33c1qm56C-bdRISU4kH01U3K52PYeFEV0IpFGewO9VLz5Zgn2xbuau_IyRqsptUYLamvR91U5NuEak6yb5g_y_Hg3SbretOkZiql9gFCfW_0ge9SC2HMBQgao1u5vCUfXT1umUqSEAqbjeJ5r2_jWrrEWd94qHJYeHJJVpo/s1385/CKC.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="511" data-original-width="1385" height="236" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-zxJ-5w6O2OJ_P3YGKBWF33c1qm56C-bdRISU4kH01U3K52PYeFEV0IpFGewO9VLz5Zgn2xbuau_IyRqsptUYLamvR91U5NuEak6yb5g_y_Hg3SbretOkZiql9gFCfW_0ge9SC2HMBQgao1u5vCUfXT1umUqSEAqbjeJ5r2_jWrrEWd94qHJYeHJJVpo/w640-h236/CKC.jpg" width="640" /></a></div><br /><div style="text-align: center;"><u><i>Source: Charter Keck Cramer</i></u></div><div><br /></div><div style="text-align: justify;">Unit prices will almost certainly need to rise before supply responds meaningfully, and interest rates will also need to fall. </div><div><br /></div><div><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEid144y0mvJhu7lJS_hA9zsLotj8_S-xSKK_iK03VJO4rK7xLSlu_a443coMdxPYtGMgmQrwGJIGXngxRJhOAtyFGX8WqUvQONErFhINN9FEGcyqYNOGxX-cpAhDKlR3WwjCB5ZnyuS-h3LVY-SDe6Lm4I-zrbhwd4Buj6Ec7KHArbAbx6F04vthyy1xNU/s763/Crush.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="546" data-original-width="763" height="458" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEid144y0mvJhu7lJS_hA9zsLotj8_S-xSKK_iK03VJO4rK7xLSlu_a443coMdxPYtGMgmQrwGJIGXngxRJhOAtyFGX8WqUvQONErFhINN9FEGcyqYNOGxX-cpAhDKlR3WwjCB5ZnyuS-h3LVY-SDe6Lm4I-zrbhwd4Buj6Ec7KHArbAbx6F04vthyy1xNU/w640-h458/Crush.jpg" width="640" /></a></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-64219464574230951562024-03-11T16:33:00.002+11:002024-03-12T09:38:00.792+11:00CFR watching financial hardship rise<p style="text-align: justify;"><b><u>Arrears to rocket</u></b></p><p style="text-align: justify;">The Council of Financial Regulators has <a href="https://www.cfr.gov.au/news/2024/mr-24-01.html" target="_blank">duly taken note</a> of increasing hardship applications, and the rising risks of a swathe of mortgage defaults. </p><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYgnJiKASzaZ4ig6PL3-tnSPX2JRjplIwLr9f0zPWkXbXUWCetYlZfufsaJ-sA8MLCse9sbeN0CSpWo5J-9iVMg3P3JsTF6u7fOihDssNE4mCRrrmgbiCsPpPUgeEKF8tzhVAzU6XGVn53vcX_mZsMrEEXTbilcVmJKmEfAVOKnKHBgqKnwr0qc35sdYc/s700/RBA1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="462" data-original-width="700" height="422" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYgnJiKASzaZ4ig6PL3-tnSPX2JRjplIwLr9f0zPWkXbXUWCetYlZfufsaJ-sA8MLCse9sbeN0CSpWo5J-9iVMg3P3JsTF6u7fOihDssNE4mCRrrmgbiCsPpPUgeEKF8tzhVAzU6XGVn53vcX_mZsMrEEXTbilcVmJKmEfAVOKnKHBgqKnwr0qc35sdYc/w640-h422/RBA1.jpg" width="640" /></a></div><p style="text-align: center;"><u><i>Source: CFR</i></u></p><p style="text-align: justify;">The national accounts showed household mortgage repayment rose another 5 per cent in the December quarter and more fixed rate mortgages continued to reset to much higher mortgage rates.</p><p style="text-align: justify;">Sally Auld of JB Were noted that rising interest rates have impacted the interest rate sensitive sectors of the economy - as intended - but notably this has included dwelling investment.</p><p style="text-align: justify;">The latest ABS figure suggest that population growth peaked at around +690,000 late last year, but the current settings (including the cash rate target of 4.35 per cent and the 3 percentage points lending assessment buffer) are seeing far too few dwellings being built. </p><p style="text-align: justify;">Interestingly some project developers are receiving interest from cash buyers of new apartments, particularly at the Gold Coast, but overall new developments aren't stacking up in the current environment. </p><p style="text-align: justify;">Separately the devastating global crash in office values was touched upon in this morning's Statement, but the risks to Australia remain "contained" in the Council's view. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTN4hsvqAnCfgQAjdrcaDzyxxqGdDv4V1VIA2R_cTj8l4vMxc_egu99Vz_BjccXZ-wsK4yT282zjYZojCzXFIAjJWyMQtHdCFYfh1KFLehfXsnVYGf65nTrJm6rjO_bE4vXoMYzuypZxgZZhMKluZxEKDZ5Nct7i_uMZxUYb7pGWNe58ao7TlQHGbWj6c/s670/CFR2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="347" data-original-width="670" height="332" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTN4hsvqAnCfgQAjdrcaDzyxxqGdDv4V1VIA2R_cTj8l4vMxc_egu99Vz_BjccXZ-wsK4yT282zjYZojCzXFIAjJWyMQtHdCFYfh1KFLehfXsnVYGf65nTrJm6rjO_bE4vXoMYzuypZxgZZhMKluZxEKDZ5Nct7i_uMZxUYb7pGWNe58ao7TlQHGbWj6c/w640-h332/CFR2.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Despite the comments to the contrary, the inflation battle is basically won in Australia, with comparatively very little movement in consumer prices since August 2023 i.e. 7 months ago. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Looking ahead, now it's largely a question of fine-tuning the soft landing without sending too many households into mortgage default.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Most labour market indicators are also weakening significantly, so there are some risks ahead to be managed. </div><p style="text-align: justify;">Australia's 3-year bond yield has ticked down to 3.59 per cent as markets position for lower interest rates ahead. </p><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgu-5qZCBtamLQ5yFiX8GROaSaiM_DZYuxkygPxdJXBwZKvUnqLB7-nZGLAPJEII3LRShZR770ftyE3QoUWHYmCbFJp2N9iBIejCS4IX-giIIgAD53FrfemGxsdDCHb9rt5BxGL3_6tZjt_K8ZPCWKZwCmK3a35bUgZaYxbzW-tLa5eAuYJdYfhcnQsixQ/s829/Crisis.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="550" data-original-width="829" height="424" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgu-5qZCBtamLQ5yFiX8GROaSaiM_DZYuxkygPxdJXBwZKvUnqLB7-nZGLAPJEII3LRShZR770ftyE3QoUWHYmCbFJp2N9iBIejCS4IX-giIIgAD53FrfemGxsdDCHb9rt5BxGL3_6tZjt_K8ZPCWKZwCmK3a35bUgZaYxbzW-tLa5eAuYJdYfhcnQsixQ/w640-h424/Crisis.jpg" width="640" /></a></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-84439889698565968812024-03-10T08:48:00.002+11:002024-03-10T19:19:17.187+11:00Podcast: Perth's time in the sun as Golden State stirs<div><b><u>2-Sense</u></b></div><div><br /></div><div>Batesy and I discussed all the latest property market news and the top 3 stories of the week.</div><div><br /></div><div>It's still relatively early days, but we're through more than 30,000 unique listeners per month now. </div><div><br /></div><div><a href="https://www.raskmedia.com.au/2024/03/10/perths-time-in-the-sun-as-the-golden-state-stirs/" target="_blank">Tune in here</a> (or click on the image below):<br /><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.raskmedia.com.au/2024/03/10/perths-time-in-the-sun-as-the-golden-state-stirs/" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="423" data-original-width="763" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimZeqByV5AZpXk_qwOpz7cdr4D6Ov4uf9O84kUPvaVfRw8u1delG5Ojvt8cyIcKrNmkzzO8FbdLJHbx573mJEOZgkmeuajgAtQMFIu11FixPqwQBwRDq9QQUj8KpfpD5Fl055o6SUOLjonlTXXmiE9BVIeiNAQxF8PBCmFRr8o7uOp5CdGJdePnuqYW2g/w640-h354/APP.jpg" width="640" /></a></div><br /><div>You can also catch the <a href="https://www.youtube.com/watch?v=g881B1RfBLY" target="_blank">Youtube video version here</a>:</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/g881B1RfBLY" width="320" youtube-src-id="g881B1RfBLY"></iframe></div><div><br /></div><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjil-mm2CyRfWTD8abW8iQWOTa4SKNhCv1zrsAdJTsdhZ9Kk7PvUsLBgUTHVHQOv5W-omLoZ6fbUGVyJI8L5j6slxOjhS3F0j1Bm8oGDbBwcQjpiRUaMEQG6SjQONs7g0k_2UAqkZwjVb2H_HEe5Hal0cFDodYndpTn_aFcM9-277TbyBRl9VywGkV_GEQ/s817/Podcast.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="538" data-original-width="817" height="422" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjil-mm2CyRfWTD8abW8iQWOTa4SKNhCv1zrsAdJTsdhZ9Kk7PvUsLBgUTHVHQOv5W-omLoZ6fbUGVyJI8L5j6slxOjhS3F0j1Bm8oGDbBwcQjpiRUaMEQG6SjQONs7g0k_2UAqkZwjVb2H_HEe5Hal0cFDodYndpTn_aFcM9-277TbyBRl9VywGkV_GEQ/w640-h422/Podcast.jpg" width="640" /></a></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-825778025072889072024-03-09T12:14:00.003+11:002024-03-09T12:14:50.876+11:00US labor market finally cracking?<div style="text-align: justify;"><b><u>Unemployment rate rises in US</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">At first look, an increase for US nonfarm payrolls of +275,000 was solid enough, and better than market expectations.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">However, revisions to the December and January figures clawed back -167,000, and the monthly change was all driven by part-time employment anyway. </div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq837dxYKt8OYGech2BLWPHqITYopFJhyMRRQzze2PpCUr5wLeIATga8WdIWCqEiDxiSgrdxSycLNQP11KA1NxIoBl70C2OFuwnj3wIpBDVTXgC6JM6IfyuDufHR0plsPt7qpDekgWyjVBlGMNsywWzKaU0juSLtsPV5zRuvExdG9ziTJm3bIvJfXvymI/s1399/NFP2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="773" data-original-width="1399" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq837dxYKt8OYGech2BLWPHqITYopFJhyMRRQzze2PpCUr5wLeIATga8WdIWCqEiDxiSgrdxSycLNQP11KA1NxIoBl70C2OFuwnj3wIpBDVTXgC6JM6IfyuDufHR0plsPt7qpDekgWyjVBlGMNsywWzKaU0juSLtsPV5zRuvExdG9ziTJm3bIvJfXvymI/w640-h354/NFP2.jpg" width="640" /></a></div><div><br /></div><div>The jobless rate has now increased appreciably from the lows of 3.4 per cent to 3.9 per cent.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcZIYRaec8ou7RyEulIxnrUkRu74i7L09t2z-pJgLIZHdabqFXpqlYi-RvgTwArA5s6o0HfD13pFa8yf_MtBAgQwEohHtn7XJ39wDMlI75cNpkwAMGsHFnuOlmG_V3wwkw6kTlqqiII481MXzCTIf8NFAzXLZoXDs3s5mg6ASKnRgTSIAfkIIB4awBzP0/s1382/NFP1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="812" data-original-width="1382" height="376" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcZIYRaec8ou7RyEulIxnrUkRu74i7L09t2z-pJgLIZHdabqFXpqlYi-RvgTwArA5s6o0HfD13pFa8yf_MtBAgQwEohHtn7XJ39wDMlI75cNpkwAMGsHFnuOlmG_V3wwkw6kTlqqiII481MXzCTIf8NFAzXLZoXDs3s5mg6ASKnRgTSIAfkIIB4awBzP0/w640-h376/NFP1.jpg" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: justify;">Average hourly wages growth was just +0.1 per cent over the month, and slowed to +4.3 per cent over the year. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Interest rate rises have for a while struggled to slow the US economy given the vast fiscal stimulus and extremely high rates of immigration, and that most housing market borrowers are on fixed rate mortgages anyway. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">But it looks like the labor market egg may finally be cracking.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The President noted that he bets interest rates will soon come down (well, there's an election coming up, so he probably would!). </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3kpCDoEi6FCPT4sNtXhwIXLnwXrEji_sDw0oF_rOdgqv3RN4V9L36xQUJ62ZH6nPvd1-1DcnR4lV9yJ1mIHynj0donraezGigCHkr7LBGIRFVQPxtPAEO53DAy2brH7WjGFhW7syy-L0wLBFoopGtLDBnaZ9DaukQb7UIJ-EwTuDOvzc2oq9ksmYEJss/s815/egg.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="538" data-original-width="815" height="422" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3kpCDoEi6FCPT4sNtXhwIXLnwXrEji_sDw0oF_rOdgqv3RN4V9L36xQUJ62ZH6nPvd1-1DcnR4lV9yJ1mIHynj0donraezGigCHkr7LBGIRFVQPxtPAEO53DAy2brH7WjGFhW7syy-L0wLBFoopGtLDBnaZ9DaukQb7UIJ-EwTuDOvzc2oq9ksmYEJss/w640-h422/egg.jpg" width="640" /></a></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-82010219385194585032024-03-07T18:56:00.003+11:002024-03-07T18:58:52.985+11:00Lending for new homes re-renters downtrend<div style="text-align: justify;"><b><u>Tight lending, tighter markets</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Lending for housing fell in January as tougher lending conditions continue to bite.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlK4XHFGD2SR_eRxvnSlpTzJCMSYzriJ1UrPw4FLMnO9waBwYx0-zZpUh8Q1a8vVOsJZaVDGxc0JRS3p4t6hWg3lvO0VvnXTshTTfOAtWdlxNZnHOhNfmRuD6RHDLj8L6mHDQtEYJghLtuiHDH8xe0u7O-aQoxlKTtZFBOUr6vKhei6BWsQvGfaVuXP6o/s1076/LI1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="658" data-original-width="1076" height="392" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlK4XHFGD2SR_eRxvnSlpTzJCMSYzriJ1UrPw4FLMnO9waBwYx0-zZpUh8Q1a8vVOsJZaVDGxc0JRS3p4t6hWg3lvO0VvnXTshTTfOAtWdlxNZnHOhNfmRuD6RHDLj8L6mHDQtEYJghLtuiHDH8xe0u7O-aQoxlKTtZFBOUr6vKhei6BWsQvGfaVuXP6o/w640-h392/LI1.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: center;"><u><i>Source: ABS</i></u></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">With the possible exception of the period through banking Royal Commission period, it's tricky to recall lending conditions overall as tight as they are at the moment. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The 3 percentage points lending assessment buffer remains in place, which knocks many potential buyers out of the market entirely. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Plenty of people are cheering this on - and fair enough, I guess - but the settings are so tight you wonder where everyone's actually going to live, given the persistence of record high immigration levels. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Lending for the purchase and construction of a new home fell again in January, and is thus still running at around the record low levels experienced in the great nadir of 2023. </div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibVcUsi2TiefTcDZRB26LqTlmwIZYRS7ywGj4f_TO6zfSEXPMP0vVugUDBkSH7xsPg3iE7UHOYIw1q6SXYkIkWvhbtuJAcdpq4oVj82rpDhNJKmJhJX3-KaSVNWhPWcQJrD5iANBgLEjZfaG4sGPUrnHZbW5PsVIpzFkZ3faMQZd9C1aMwYfCmcJq3vUI/s947/HIA.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="509" data-original-width="947" height="344" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibVcUsi2TiefTcDZRB26LqTlmwIZYRS7ywGj4f_TO6zfSEXPMP0vVugUDBkSH7xsPg3iE7UHOYIw1q6SXYkIkWvhbtuJAcdpq4oVj82rpDhNJKmJhJX3-KaSVNWhPWcQJrD5iANBgLEjZfaG4sGPUrnHZbW5PsVIpzFkZ3faMQZd9C1aMwYfCmcJq3vUI/w640-h344/HIA.jpg" width="640" /></a></div><br /><div style="text-align: center;"><u><i>Source: Housing Industry Association</i></u></div><div><br /></div><div style="text-align: justify;">The HIA reports that lending for new homes and construction has fallen off a cliff in Sydney and Melbourne.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The one likely bright spot is Perth...otherwise it's looking very messy:</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEk01n_khSlfOOaYnluTrA0jVcqpLUMhT-p7VBIUi5_iDi4WbmHT6fmdKPrlF6T5GJ3E9gFAL5L8GsbbfYEUpIJ6lSW0aPRTv2RG5FFWh4SADb070uCWo2j-FXtytdN7BIodLkH1OqpbLm1zR7aJz7VdwuOi9OgplevQPmSrZgLo1AOKK9pSv-rh1WQXM/s931/HIA2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="526" data-original-width="931" height="362" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEk01n_khSlfOOaYnluTrA0jVcqpLUMhT-p7VBIUi5_iDi4WbmHT6fmdKPrlF6T5GJ3E9gFAL5L8GsbbfYEUpIJ6lSW0aPRTv2RG5FFWh4SADb070uCWo2j-FXtytdN7BIodLkH1OqpbLm1zR7aJz7VdwuOi9OgplevQPmSrZgLo1AOKK9pSv-rh1WQXM/w640-h362/HIA2.jpg" width="640" /></a></div><br /><div style="text-align: center;"><u><i>Source: HIA</i></u></div><div><br /></div><div style="text-align: justify;">There's a lot of focus on building <i>approvals</i>, but the reality is that actual dwelling commencements have essentially outright crashed, as it's simply not profitable more most developers to kick off new projects right now. </div><div style="text-align: justify;"><br /></div><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoPAOEHUo4bqvSW3OnfhqFmn4rDnFeQijlWUyUQslSAaGzcL-eJ-Gxj2HW2xZlUtUnoUT9krNnJJKmObxrg4X22bjohyphenhyphenHKRFu_jlt6VUs_yrqyBNUhwhwd2Ch1S7R3g0jf9-shnVLNnBXyeEJOkeojLAItGqio0s7I_E4nZDVpFT_spOwubaG3JJx3K-k/s813/DC.jpg" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="703" data-original-width="813" height="554" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoPAOEHUo4bqvSW3OnfhqFmn4rDnFeQijlWUyUQslSAaGzcL-eJ-Gxj2HW2xZlUtUnoUT9krNnJJKmObxrg4X22bjohyphenhyphenHKRFu_jlt6VUs_yrqyBNUhwhwd2Ch1S7R3g0jf9-shnVLNnBXyeEJOkeojLAItGqio0s7I_E4nZDVpFT_spOwubaG3JJx3K-k/w640-h554/DC.jpg" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><div style="text-align: center;"><u><i>Source: ABS</i></u></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">It's generally been a lacklustre 6 years or so for unit prices in Sydney and Melbourne, but they'll most probably experience a spurt over the next few years given the abject lack of building at today's price levels. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">---</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">James Foster ran through the international trade surplus figures <a href="https://jamesfostermacro.blogspot.com/2024/03/australias-trade-surplus-11bn-in-january.html" target="_blank">here</a>. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRqh0J-kMCfgfPfLrQP_qgre-RtiOZ20d-eGXNPcuzsWGlDlOfk3xEYPblMnmlhJcn-F-59mQpE4JOMKUz4nyb1OwKQ82B0QnT3-HECUvRAJNs3NPKXDTHS8kEllHl2DH7FC6hT8WvhKHD4UnPnVdTOFk0dMy2B57zEYgHe5fQpg8l9h2tK_DiGO1GhYQ/s830/Sydney.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="547" data-original-width="830" height="422" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRqh0J-kMCfgfPfLrQP_qgre-RtiOZ20d-eGXNPcuzsWGlDlOfk3xEYPblMnmlhJcn-F-59mQpE4JOMKUz4nyb1OwKQ82B0QnT3-HECUvRAJNs3NPKXDTHS8kEllHl2DH7FC6hT8WvhKHD4UnPnVdTOFk0dMy2B57zEYgHe5fQpg8l9h2tK_DiGO1GhYQ/w640-h422/Sydney.jpg" width="640" /></a></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-70009204334279896552024-03-06T17:39:00.006+11:002024-03-06T20:29:02.772+11:00Economic growth slows to a halt at 0.2pc<div style="text-align: justify;"><b><u>Aussie slowdown bites</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Retail turnover increased by just +1.1 per cent over the year to January.</div><div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">After accounting for very rapid population growth and price inflation, this represents quite a significant slowdown for the sector. </div></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDNNYCTBP2RHj7Hzho1tYCo8MHpfclCzSFiccC-BCLQw7TdSZiGDO6IAf4mf572YMXiM3iVfQLGuxwO-8DUhauIdUPHFGrp6l4ZEb_yiSYsw9DZ6H6ioQFQFjqWts5k_neylFsYk5aMrnxmYsjW3x3eUFPnil1pGo_QLdeXOHBHWIa9xSCoB6HkMoyHJc/s1064/RT.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="663" data-original-width="1064" height="398" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDNNYCTBP2RHj7Hzho1tYCo8MHpfclCzSFiccC-BCLQw7TdSZiGDO6IAf4mf572YMXiM3iVfQLGuxwO-8DUhauIdUPHFGrp6l4ZEb_yiSYsw9DZ6H6ioQFQFjqWts5k_neylFsYk5aMrnxmYsjW3x3eUFPnil1pGo_QLdeXOHBHWIa9xSCoB6HkMoyHJc/w640-h398/RT.jpg" width="640" /></a></div><u><div style="text-align: center;"><span style="font-style: italic;"><br /></span></div></u><div style="text-align: center;"><u><i>Source: ABS</i></u></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The national accounts reflected a very similar picture - the Aussie economy grew slightly in Q4 2023, up by 0.2 per cent, mainly thanks to mining exports and public spending. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">However, after accounting for population growth, GDP per capita fell by -1 per cent over the past year.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyRpkX_e6vGPpNlPKtD4bP2uRIqegIUCYzYLt7GCQQ4BB5USeQi9MN3lVMyJh9b0NYKDhJyqO1E0rsXRuJafjAdZOWU7eDxMgLjDZM4U3Dp1wtJadCZYJ3QpIZe0eKPx_rgIfu6dAfQup0KsQR0TS3Zrhi-EcXzhCa28jiPgiR19-dM6wcJDEbUx_JBJg/s1411/GDP1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="804" data-original-width="1411" height="364" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyRpkX_e6vGPpNlPKtD4bP2uRIqegIUCYzYLt7GCQQ4BB5USeQi9MN3lVMyJh9b0NYKDhJyqO1E0rsXRuJafjAdZOWU7eDxMgLjDZM4U3Dp1wtJadCZYJ3QpIZe0eKPx_rgIfu6dAfQup0KsQR0TS3Zrhi-EcXzhCa28jiPgiR19-dM6wcJDEbUx_JBJg/w640-h364/GDP1.jpg" width="640" /></a></div><div><br /></div><div>Looking at the GDP per capita index shows the extent of the recent slowdown, particularly as compared to the early years of the resources boom.</div><div><br /></div><div>For four quarters in a row now, the economy has failed to grow as measured in real per capita GDP. </div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKHNTwKKhEFt-XMtgX0Rbey4wIVphFj24ud7MLDoVNwxwPygQknTMqLIdDZr4TFH2qh1hjPlPdUKK-fTtyYSOtXP_J219FQGQCO48ej84p46V_oOBSwOIDitzQPZljZi7sagFDL6byNOyjZ96FT2n7uLHS0sLvHb-OXME2UOz6Z6IH1jkK2bURrigc-R8/s1399/GDP2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="799" data-original-width="1399" height="366" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKHNTwKKhEFt-XMtgX0Rbey4wIVphFj24ud7MLDoVNwxwPygQknTMqLIdDZr4TFH2qh1hjPlPdUKK-fTtyYSOtXP_J219FQGQCO48ej84p46V_oOBSwOIDitzQPZljZi7sagFDL6byNOyjZ96FT2n7uLHS0sLvHb-OXME2UOz6Z6IH1jkK2bURrigc-R8/w640-h366/GDP2.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">Higher interest rates have had the desired effect, and have slowed the economy as expected. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">If anything, it looks like interest rate hikes might have gone too far, sending mortgage interest payments spiraling higher.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">This graphic isn't population-adjusted, but an increase in mortgage interest of +162 per cent from the lows would have to hurt!</div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_siNPm6a7HFqNUouQQOUs4BSgM9XD_eWkebtqIDWLCn-hY11anfoONLqa0DFhQ7OGjxkEP1rF5uQAPGNNd5Mzr74IOt4vjx6qnZHRJ7-v6kpsLJB5UgFyNkt42lBCTsukneRKe7o0G5hQMmq8ag2ubtjmnyzH-Q4EdO5v5E6O488_LEUVMaPTrQOfZF0/s1408/GDP3.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="806" data-original-width="1408" height="366" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_siNPm6a7HFqNUouQQOUs4BSgM9XD_eWkebtqIDWLCn-hY11anfoONLqa0DFhQ7OGjxkEP1rF5uQAPGNNd5Mzr74IOt4vjx6qnZHRJ7-v6kpsLJB5UgFyNkt42lBCTsukneRKe7o0G5hQMmq8ag2ubtjmnyzH-Q4EdO5v5E6O488_LEUVMaPTrQOfZF0/w640-h366/GDP3.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The household saving ratio was notionally 'positive' in increasing to 3.2 per cent for the December quarter.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">But this is a derived estimate, and after accounting for superannuation contributions and mortgage repayments, many households are now undoubtedly running down their buffers. </div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD2HpxQLmWAnuGHTuirHMokXKylqNW1Oe-76gG5KsJFdxMoEDkgktfuohOSYueBOljOBdD4VVuqwjQK0v-mS69zyz-KhD2Z8szA4qW9FEdnS0x3fXxAtX8aIb3yZzvuMM9yCkmGNlSI-f43MBsqSBTusvRCiopvvEzKyJdj3bNLkUCsYpYy1vRV5-455U/s1394/HSR.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="806" data-original-width="1394" height="370" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD2HpxQLmWAnuGHTuirHMokXKylqNW1Oe-76gG5KsJFdxMoEDkgktfuohOSYueBOljOBdD4VVuqwjQK0v-mS69zyz-KhD2Z8szA4qW9FEdnS0x3fXxAtX8aIb3yZzvuMM9yCkmGNlSI-f43MBsqSBTusvRCiopvvEzKyJdj3bNLkUCsYpYy1vRV5-455U/w640-h370/HSR.jpg" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: justify;">Overall, the economy has ground more or less to a halt, and has been going backwards over the past year in per capita terms.</div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;">Australia's 3-year bond yield is at the lowest levels in a while down at 3.63 per cent, with many households now waiting for some welcome relief on their mortgage payments. </div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;">Legendary analyst Jimmy Foster ran through all the key details <a href="https://jamesfostermacro.blogspot.com/2024/03/australian-gdp-02-in-q4.html" target="_blank">as always here</a>!</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">---</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCRMg84MsW3xdTHMUoXvhPkuPMwu_JSQh5s3hyphenhyphensUL4iT7oRw-UmsotVmej9Q2H4zOI51MEYIxN1z-7rOLy3ZDDoSmY9MMnLCR-AP2egvV5BqIajcfitMgLZdyJfiJ8VTDWll0yvrmx9Jx0i4vXurkWXKVrtt4fLbulo6d-olib1YVnEUs0euE0006wTsA/s841/Snail.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="544" data-original-width="841" height="414" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCRMg84MsW3xdTHMUoXvhPkuPMwu_JSQh5s3hyphenhyphensUL4iT7oRw-UmsotVmej9Q2H4zOI51MEYIxN1z-7rOLy3ZDDoSmY9MMnLCR-AP2egvV5BqIajcfitMgLZdyJfiJ8VTDWll0yvrmx9Jx0i4vXurkWXKVrtt4fLbulo6d-olib1YVnEUs0euE0006wTsA/w640-h414/Snail.jpg" width="640" /></a></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-23494740102711811932024-03-05T18:41:00.005+11:002024-03-05T18:41:45.463+11:00ausbiz: WA economy is one bright spot!<div style="text-align: justify;"><b><u>ausbiz TV</u></b></div><div style="text-align: justify;"><b><u><br /></u></b></div><div style="text-align: justify;">Just had time for this 10-minute yarn with Danielle Ecuyer at ausbiz TV to talk state of the property markets!</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><a href="https://ausbiz.com.au/media/home-values-are-on-the-rise-in-these-regions?videoId=34753&sectionId=1885" target="_blank">Tune in here</a> (or click on the image below):</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://ausbiz.com.au/media/home-values-are-on-the-rise-in-these-regions?videoId=34753&sectionId=1885" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="500" data-original-width="898" height="356" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIh1Zn7KWIaVn2T2IAcK71d1FHPTiHKYq0FtS4hcabEoWkVC5LVpWIORNc0Q1uGG8mh9_pidF1G2zg54uneh7dFGn8a9nMs6e1vBtfWi1gXJURohPpL2w1G_dXk1cYmLq3v0n9IaTQXG5l-UuyWIOOjYu8MDCY3EksevnwxlTz_Wc9JRCE32SF6S8gpkA/w640-h356/ausbiz.jpg" width="640" /></a></div><br /><div><br /></div><div><div style="text-align: justify;">---</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikiMQGBiO-BHlpJ08XcSjjN4XESkFsA97uD4RlhyphenhyphenrBjdu49eXFfS2RwfPxs5zQBlr0XfTw3pdDFf9kWK79vgokncEMUKo1nEFZ-Nd-y0EU1SrcZJtcJ8SgKbmiynup1u2YaOqib_gZsmeRsZSfTn5Q-MBBEQAa9X9SVnBAiDq1bUXYGrS-TqbdRN6XpZw/s826/studio.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="542" data-original-width="826" height="420" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikiMQGBiO-BHlpJ08XcSjjN4XESkFsA97uD4RlhyphenhyphenrBjdu49eXFfS2RwfPxs5zQBlr0XfTw3pdDFf9kWK79vgokncEMUKo1nEFZ-Nd-y0EU1SrcZJtcJ8SgKbmiynup1u2YaOqib_gZsmeRsZSfTn5Q-MBBEQAa9X9SVnBAiDq1bUXYGrS-TqbdRN6XpZw/w640-h420/studio.jpg" width="640" /></a></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-55936363276699414362024-03-05T13:53:00.004+11:002024-03-05T13:53:43.307+11:00Rental vacancies hit tragic new low<div style="text-align: justify;"><b><u>Surplus returns</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">As expected, Australia's current account surplus surged back up to record a solid surplus $11.5 billion in the final quarter of 2023. </div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEianARwPw5PV2gtfCGNcjphBKo_Np_Bwve8OBSfU6pjONUr83Ju1aoMyAYvzRTv22FSWVGlu7bblSdBE4O1zSqQCF2LXmCGc-kV5kWUKWDEBcfKQlu-hVd40r2VTm_Ij4iQu_6b0s_lTtOqbe3nxEZVAKR9Nb4Q9uyXtFORzqqfQfkxqP9SpvafbiogPsU/s1356/BP1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="793" data-original-width="1356" height="374" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEianARwPw5PV2gtfCGNcjphBKo_Np_Bwve8OBSfU6pjONUr83Ju1aoMyAYvzRTv22FSWVGlu7bblSdBE4O1zSqQCF2LXmCGc-kV5kWUKWDEBcfKQlu-hVd40r2VTm_Ij4iQu_6b0s_lTtOqbe3nxEZVAKR9Nb4Q9uyXtFORzqqfQfkxqP9SpvafbiogPsU/w640-h374/BP1.jpg" width="640" /></a></div><div><br /></div><div><br /></div><div style="text-align: justify;">We can thank the strength of the mining sector, with exports rising +2.8 per cent, and imports falling -2.6 per cent over the quarter. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">We haven't yet seen a full recovery in tourism to Australia. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">It looks as though GDP growth for the quarter will be positive after all, boosted by government spending and mining export volumes. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">It's good to see that net foreign debt levels have eased somewhat since 2019, and all the more so as compared to the size of the economy (back down from 60 per cent of GDP to around 50 per cent of GDP).</div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2HTp5cVVJIqaAvRzCCM8ntl_1SHPEOFd4-erCNun_7IaBV3hIuHDm7_AZhT5XCuXxow_ZlX60orbB46N8qdArVadk_SpVXxbN0kxNRPSktQpkn19aF2629OeEmnyUKXSsiL3PjNuor2pmW_f721MeWKBMtkhMWohPqdqOAdHuxyrs0HmI6LyKRo1c614/s1346/BP2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="796" data-original-width="1346" height="378" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2HTp5cVVJIqaAvRzCCM8ntl_1SHPEOFd4-erCNun_7IaBV3hIuHDm7_AZhT5XCuXxow_ZlX60orbB46N8qdArVadk_SpVXxbN0kxNRPSktQpkn19aF2629OeEmnyUKXSsiL3PjNuor2pmW_f721MeWKBMtkhMWohPqdqOAdHuxyrs0HmI6LyKRo1c614/w640-h378/BP2.jpg" width="640" /></a></div><div><br /></div><div>Australia has a lot to thank the mining sector for as the revenues and profits continue to flow!</div><div><br /></div><div>In other news rental vacancies fell to another all-time low in February, at just 0.7 per cent.</div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgydxcd6R4rzbRldPpdYO43KfqETug44ip0LsceFaUid4lgNWanqj9w8ua1ifJ-2FcH_aHKHIdz91BuIL00j6JHENIEJEHw3o5fHycSrYq132ABLks77bHLfLJ7qJcEmZVIWvvXB48KEIaXsOjnHCKIcxnrYFiFkObPJzKCCu8js_7fbQP472CXxoy2-Ik/s715/Domain.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="621" data-original-width="715" height="556" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgydxcd6R4rzbRldPpdYO43KfqETug44ip0LsceFaUid4lgNWanqj9w8ua1ifJ-2FcH_aHKHIdz91BuIL00j6JHENIEJEHw3o5fHycSrYq132ABLks77bHLfLJ7qJcEmZVIWvvXB48KEIaXsOjnHCKIcxnrYFiFkObPJzKCCu8js_7fbQP472CXxoy2-Ik/w640-h556/Domain.jpg" width="640" /></a></div><br /><div>Domain reported record low vacancy rates in Sydney, Melbourne, and Perth, with Adelaide also close to a record low. </div><div><br /></div><div>The rental crush is front page news in Brisbane today, as a new tent city has emerged in the northern suburbs.</div><div><br /></div><div>Domain's full rental report is <a href="https://www.domain.com.au/research/vacancy-rates-february-2024-1266500/" target="_blank">here</a>. </div><div><br /></div><div><div style="text-align: justify;">---</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgL7DyiDNgGs-1rYYzj1DKGPEaUafv_WJ2mLznDuwm9FRn4aT3z80QvyNxdfp8wjQ5FiTYr1XfZqLVGBbJEWY_dQ6xehloXVs_KTPw4PKdCbxiRaSMDEPUBJqWCIE51rSJdkROa8CxIoA53SutM6BsHzzsqqSJlzNR9a7yUdqpxD1zCk1vGvozNjWpTTxY/s813/For%20Lease.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="536" data-original-width="813" height="422" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgL7DyiDNgGs-1rYYzj1DKGPEaUafv_WJ2mLznDuwm9FRn4aT3z80QvyNxdfp8wjQ5FiTYr1XfZqLVGBbJEWY_dQ6xehloXVs_KTPw4PKdCbxiRaSMDEPUBJqWCIE51rSJdkROa8CxIoA53SutM6BsHzzsqqSJlzNR9a7yUdqpxD1zCk1vGvozNjWpTTxY/w640-h422/For%20Lease.jpg" width="640" /></a></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-19893172586890642092024-03-04T13:50:00.002+11:002024-03-04T19:32:24.190+11:00Economy slowing (mining is one bright spot)<div style="text-align: justify;"><b><u>Mining leads profits</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The partial indicators released ahead of Australia's National Accounts were generally weak, pointing to a pretty flat result for GDP in the December quarter of 2023.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">One bright spot over the past couple of years has been the mining sector, particularly the renewed surge in mineral exploration expenditure.</div><div style="text-align: justify;"><br /></div><div>There's been little or no fanfare this time around, but we've seen a record surge in mineral exploration in 2023, to above $1bn per quarter.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlBWh0rjexaihTYxWLHjnUJtwjUIUVkFUYbBoyaSDvesyaEvryb1R3onobVLRihEv9vj7-CxR5BrupPa4rgDjIGpzWq52taWsMIlyjl_b2ECDPlJJKcg7dbWZ-8NfBXCKZLmlnqFb4F17JgmdC05skZFGmXY5DZJq2z69zQDs2V2e-M-5P-MUsOOb5aB4/s1368/ME1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="820" data-original-width="1368" height="384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlBWh0rjexaihTYxWLHjnUJtwjUIUVkFUYbBoyaSDvesyaEvryb1R3onobVLRihEv9vj7-CxR5BrupPa4rgDjIGpzWq52taWsMIlyjl_b2ECDPlJJKcg7dbWZ-8NfBXCKZLmlnqFb4F17JgmdC05skZFGmXY5DZJq2z69zQDs2V2e-M-5P-MUsOOb5aB4/w640-h384/ME1.jpg" width="640" /></a></div><br /><div>This should be bullish for the cyclical Western Australian economy over the next couple of years. </div><div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuw3MazBbiaFe2WykGeMIGapaH78lCuInfZZZtx5F1248jqDQxBXeYc94fdgi4p2ozsM4yfdPwSVh3-g9wcmka8-Ug1MbrqQxkYP16XbNKgO6Yiat430IcOBxH1y44kI66nf48PparMTm-PWKJnWzrIfuxejZ6w6nFjAH_VNMPIA4TwFEJmVis1iPRHVk/s1356/ME3.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="808" data-original-width="1356" height="382" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuw3MazBbiaFe2WykGeMIGapaH78lCuInfZZZtx5F1248jqDQxBXeYc94fdgi4p2ozsM4yfdPwSVh3-g9wcmka8-Ug1MbrqQxkYP16XbNKgO6Yiat430IcOBxH1y44kI66nf48PparMTm-PWKJnWzrIfuxejZ6w6nFjAH_VNMPIA4TwFEJmVis1iPRHVk/w640-h382/ME3.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">While some of the boom has been driven by the push for a renewed expansion of bulk commodity and copper reserves - and there was also a record surge in gold exploration in 2021 and 2022 - the main driver of late has been the global demand for base metals. </div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfscu843_zToiDVPSFoOmbK82VXZYrI2OhKC4EWXSR3Hm590iY0f-yy8qUEhGD0B3nfpNsXme6su5Cb0jXJ1WWe0nk3DfsjBYoGN1EOibQdgCRmb11GuLHJWIWa1JPRL10gkwo-XsqWiLS1hIdomHM1XWGCRYTJHP6957s7qEMxnFgf_QgcWIT_B9n1TQ/s1393/ME2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="802" data-original-width="1393" height="368" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfscu843_zToiDVPSFoOmbK82VXZYrI2OhKC4EWXSR3Hm590iY0f-yy8qUEhGD0B3nfpNsXme6su5Cb0jXJ1WWe0nk3DfsjBYoGN1EOibQdgCRmb11GuLHJWIWa1JPRL10gkwo-XsqWiLS1hIdomHM1XWGCRYTJHP6957s7qEMxnFgf_QgcWIT_B9n1TQ/w640-h368/ME2.jpg" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: justify;">Not unexpectedly, the growth in the wages bill in the Aussie economy dropped back to normal levels in Q4 2023. </div><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikhfmIGAdwabu6W-aUek9sxE6ojnRTl-A3uKQGGx4dJxYFYnfiIiC7t_d9mQrbt-d2tyzdUI5HNX8w2zttvBD3N0T9HPQTeszO9GdzKde8ztvl3fTZBi5XWFdgQPqW6YiEv5oeOoHyDTQyvklYnN5nW3-JmaOEesCgHbZoC3R-Rvc7q8m8SjwYtlMJWHA/s1301/BI2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="798" data-original-width="1301" height="392" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikhfmIGAdwabu6W-aUek9sxE6ojnRTl-A3uKQGGx4dJxYFYnfiIiC7t_d9mQrbt-d2tyzdUI5HNX8w2zttvBD3N0T9HPQTeszO9GdzKde8ztvl3fTZBi5XWFdgQPqW6YiEv5oeOoHyDTQyvklYnN5nW3-JmaOEesCgHbZoC3R-Rvc7q8m8SjwYtlMJWHA/w640-h392/BI2.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">Company gross operating profits remained extremely high in 2023 at $556 billion, but it's worth noting that the increase was overwhelmingly driven by mining profits (and not, say, price gouging by the supermarkets!). </div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmgqJTZr0QJECvgVIjCNCms4J4pcGfX8xKTw4IK_RY25eb2-3f8bspynZ5Fo-06Pu9DTX_mfg3qyO4BViQ-f1t1t5rDwv_KTX-UEJfFBnqzKM14y6OOJaM_oclzabXxlFBubUkMFqdUyQWlhhz9ZrM16uqKhZV6cVp4aqW9acVFUMb_vKeGoX0djOBkF4/s1333/BI1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="782" data-original-width="1333" height="376" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmgqJTZr0QJECvgVIjCNCms4J4pcGfX8xKTw4IK_RY25eb2-3f8bspynZ5Fo-06Pu9DTX_mfg3qyO4BViQ-f1t1t5rDwv_KTX-UEJfFBnqzKM14y6OOJaM_oclzabXxlFBubUkMFqdUyQWlhhz9ZrM16uqKhZV6cVp4aqW9acVFUMb_vKeGoX0djOBkF4/w640-h376/BI1.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">Overall, the economy looks to have largely stalled in late 2023, due to the powerful salvo of interest rate hikes.</div><div><br /></div><div style="text-align: justify;">Australia shouldn't forget just how enormous the enormous uplift in mining investment and profits has been over the past 25 years, driving record household wealth, and a government balance sheet in far better shape than most other developed Western economies. </div><div><br /></div><div>---</div><br /></div><div>In other news, ANZ-Indeed report that job ads renewed their decline in February, falling -2.8 per cent.</div><div><br /></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuArhFUqLc6X7vNkJ5eceBsxpXf3etiwDlF7syWZvf7OkF8TZUZ7yMjU94vMoOpTnmQEj3iRLCx7rerQobRcy1Z7qhYur85y3GMKEHK8u2mqFpVBciGqx3H0dbtH7ZkYXGGIuWbqy-Fiy46iHRtuxP9d5uG6iXU_6sm8m2e_5VO2PBoPSgN-lcbPerqVQ/s1028/ANZ.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="608" data-original-width="1028" height="378" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiuArhFUqLc6X7vNkJ5eceBsxpXf3etiwDlF7syWZvf7OkF8TZUZ7yMjU94vMoOpTnmQEj3iRLCx7rerQobRcy1Z7qhYur85y3GMKEHK8u2mqFpVBciGqx3H0dbtH7ZkYXGGIuWbqy-Fiy46iHRtuxP9d5uG6iXU_6sm8m2e_5VO2PBoPSgN-lcbPerqVQ/w640-h378/ANZ.jpg" width="640" /></a></div><br /></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Importantly, the monthly inflation gauge came in at -0.1 per cent in February, according to the Melbourne Institute, taking the annual reading down from 4.6 per cent to 4 per cent. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">---</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-LOMKv5g3Y5-s7ZNXYOIc54hfoOOeVakg-lGhev0v8EJ-IyrLobf1IiWzDGE4VMih5cfpjgGXk9BbLGZ5ktNj9w0GLHUKDDhqkNARnvs5AHdqdeVx6NkG3HpaY3em7OqD118s8Q8kJqcN2FOF-PxjxQkoR-1lZzucpc4PdEA3ww53FbSFkMx89rOyLg0/s825/Mining.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="548" data-original-width="825" height="426" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-LOMKv5g3Y5-s7ZNXYOIc54hfoOOeVakg-lGhev0v8EJ-IyrLobf1IiWzDGE4VMih5cfpjgGXk9BbLGZ5ktNj9w0GLHUKDDhqkNARnvs5AHdqdeVx6NkG3HpaY3em7OqD118s8Q8kJqcN2FOF-PxjxQkoR-1lZzucpc4PdEA3ww53FbSFkMx89rOyLg0/w640-h426/Mining.jpg" width="640" /></a></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-38938382230568955582024-03-04T13:35:00.002+11:002024-03-04T19:33:46.315+11:00Unit approvals dire (except Gold Coast)<b><u>Building approvals slowed in 2023</u></b><div><br /></div><div>Australia approved a fairly dismal 162,900 dwellings over the year to January 2024.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDhW1jvq7VnZX80TWsM2MNVDcy0iG4j7-vJ-ps2TUY_8cGLcHRcxnaEnLFBjnsVY1Iy5xvwaU8StJA5M27a_s_04z9c5rYr_HcQiKCXgFiboj8c-Z6DOJxX4jMLrjCfWsuOsIUO75lVx1r4HKAcUjfIQeEQgudPGRqLNU2n9PdN3YSDRRDube-8PawB8o/s1299/BA4.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="787" data-original-width="1299" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDhW1jvq7VnZX80TWsM2MNVDcy0iG4j7-vJ-ps2TUY_8cGLcHRcxnaEnLFBjnsVY1Iy5xvwaU8StJA5M27a_s_04z9c5rYr_HcQiKCXgFiboj8c-Z6DOJxX4jMLrjCfWsuOsIUO75lVx1r4HKAcUjfIQeEQgudPGRqLNU2n9PdN3YSDRRDube-8PawB8o/w640-h388/BA4.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">House approvals fell again in January, continuing to revert lower after the pandemic stimulus.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Looking around the capital cities, Perth is the one possible bright spot, while Melbourne is spreading a little more easily than Sydney at the city fringe. </div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8vhPX-nK42oWX1y3LSKGG3ONZDK6mnzFoJZa8pi-z5vWNnc7b7Vs5KWUH1uIXsUeucFad_qtl-b4X3r04KQrbP75BataYS20MsmEDAphbcOilfDwD6wTS3vQpVRoXLIHCnepG4PZrIybMbhE5KGooLstxdWQD7UArW4Kng1XYLt9Gkr_BEWXnEzZtWWM/s1416/BA1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="801" data-original-width="1416" height="362" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8vhPX-nK42oWX1y3LSKGG3ONZDK6mnzFoJZa8pi-z5vWNnc7b7Vs5KWUH1uIXsUeucFad_qtl-b4X3r04KQrbP75BataYS20MsmEDAphbcOilfDwD6wTS3vQpVRoXLIHCnepG4PZrIybMbhE5KGooLstxdWQD7UArW4Kng1XYLt9Gkr_BEWXnEzZtWWM/w640-h362/BA1.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">Unit approvals are outright tanking in Sydney and Melbourne, and to some extent now in Brisbane as well.</div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOmo0LpI40YkjHetux9U8s3_zEx5sUL5d0fYPWgAbOyi_hlyw78KWgXdX7-kCbp68Fju3Am4s9Nn5MIIVf13dSfL7n7my1D_hUETkOpWmLUr9pbW-qBM1VAK4LMmc_DO7kvwIIqvWHoJYKkIBs2tEeBKo_n1oFqasp64HQYAAlys7SkGlSCAEaD0ZBZo4/s1370/BA2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="795" data-original-width="1370" height="372" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOmo0LpI40YkjHetux9U8s3_zEx5sUL5d0fYPWgAbOyi_hlyw78KWgXdX7-kCbp68Fju3Am4s9Nn5MIIVf13dSfL7n7my1D_hUETkOpWmLUr9pbW-qBM1VAK4LMmc_DO7kvwIIqvWHoJYKkIBs2tEeBKo_n1oFqasp64HQYAAlys7SkGlSCAEaD0ZBZo4/w640-h372/BA2.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">There have been some large tower block developments approved on the Gold Coast, but overall the trend for building approvals is very weak, and far short of what's required to hit the 1.2 million dwellings target.</div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2gDzGin0X45qEe3QcFNJjsZt6EnE9i3PabMUaQEbaDOOFH75ZC-8Vk7uy_JisLNHaIcvppT7JuCzJpnPwhzj6sXJkQzHJE9vaF6ZZnkvoKwHkopRPu0v8phE-GHNV3w0wveo8XIxz-fxwh760jY1T6jI15-zA_Q_wh8k1vVj-GcVaYpWL4CAfhwmq41U/s1338/BA3.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="787" data-original-width="1338" height="376" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2gDzGin0X45qEe3QcFNJjsZt6EnE9i3PabMUaQEbaDOOFH75ZC-8Vk7uy_JisLNHaIcvppT7JuCzJpnPwhzj6sXJkQzHJE9vaF6ZZnkvoKwHkopRPu0v8phE-GHNV3w0wveo8XIxz-fxwh760jY1T6jI15-zA_Q_wh8k1vVj-GcVaYpWL4CAfhwmq41U/w640-h376/BA3.jpg" width="640" /></a></div><div><br /></div><div>It's a pretty weak outlook for housing approvals, given record high population growth.</div><div><br /></div><div>New unit development just isn't stacking up for developers in the capital cities, and unit prices will need to rise before construction starts up again.</div><div><br /></div><div><div style="text-align: justify;">---</div><div style="text-align: justify;"><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcIkZcxTO0NDPmOLK38De_bBZAux1UY3Mt6apRvm2JqO_iA2TMdtpKM7okqv6lQ7UpFl-nVQpQG4CdGAJ4DdfNHEkKJzjwygnxQEYXWpCqq3e19TeGajr9eU0a52aHBLk1xhxSHHwwUXZw5V0tmWd_IBiZV8jCWJw0KpPWvoci8_m0D_QjrTodQjL0Cww/s823/Towers.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="546" data-original-width="823" height="424" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcIkZcxTO0NDPmOLK38De_bBZAux1UY3Mt6apRvm2JqO_iA2TMdtpKM7okqv6lQ7UpFl-nVQpQG4CdGAJ4DdfNHEkKJzjwygnxQEYXWpCqq3e19TeGajr9eU0a52aHBLk1xhxSHHwwUXZw5V0tmWd_IBiZV8jCWJw0KpPWvoci8_m0D_QjrTodQjL0Cww/w640-h424/Towers.jpg" width="640" /></a></div></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-20757629604820836642024-03-04T09:12:00.004+11:002024-03-04T09:13:53.789+11:00Data dump this week<b><u>Slower economy, dwelling shortage</u></b><br /><div><br /></div><div>There's a lot of information due out on the Aussie economy this week, including the National Accounts.</div><div><br /></div><div>The figures will likely show a sluggish economy, with policy having slowed activity.</div><div><br /></div><div>In other news, CBA showed how an extreme shortage of supply has pushed up housing prices.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgth528klLC8iRn8hvvudiw-K6bC-FXSgR7KYGNgKD9IdBTDckWXvMTGD-nVbO6Jerzusvp87jEToFqZ-vZs9GgOxdyjdhRp2Bm-GiDMrSCewCbUdu0yQI2zlyK5pl3Oq-RC8ybtHzaUKKjqJ5IfU-FjL1dG5CIE3lnNDEUuo7ECdDwwDetGubJYTmV8cY/s777/CBA.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="715" data-original-width="777" height="588" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgth528klLC8iRn8hvvudiw-K6bC-FXSgR7KYGNgKD9IdBTDckWXvMTGD-nVbO6Jerzusvp87jEToFqZ-vZs9GgOxdyjdhRp2Bm-GiDMrSCewCbUdu0yQI2zlyK5pl3Oq-RC8ybtHzaUKKjqJ5IfU-FjL1dG5CIE3lnNDEUuo7ECdDwwDetGubJYTmV8cY/w640-h588/CBA.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Normally the 30 per cent drop in borrowing capacity would have resulted in falling home prices, but it hasn't happened due to the extreme shortages of dwelling supply versus immigration.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Luci Ellis of Westpac wrote an interesting note, pointing out that we're still waiting for the dust to settle post-pandemic.</div><div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">We shouldn't necessarily expect things to go back to how they were in 2019, with some shifts in activity which may not return to historical norms. </div></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Certain changes in technology and living preferences may remain permanently. </div><div><br /></div><div><div style="text-align: justify;">---</div><div style="text-align: justify;"><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjk9QZXXiHNlxeLAkky_S1HtOLlzFAXLSuT_FWqwuNSueHzP2mnGsbQ5MQwya53DzBmZXL9a38u4dmsNWSwkkHSmAM4UotE5q4BBOmPEvg6zq7LoInMr4dIgMLfEKb0Q0IQ4iL3HisvD_vse6amwSQxh1PRGMFx8OhYKsZdJhEu2dnPn3vJB4Sl4Q77VDQ/s820/CBA2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="541" data-original-width="820" height="422" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjk9QZXXiHNlxeLAkky_S1HtOLlzFAXLSuT_FWqwuNSueHzP2mnGsbQ5MQwya53DzBmZXL9a38u4dmsNWSwkkHSmAM4UotE5q4BBOmPEvg6zq7LoInMr4dIgMLfEKb0Q0IQ4iL3HisvD_vse6amwSQxh1PRGMFx8OhYKsZdJhEu2dnPn3vJB4Sl4Q77VDQ/w640-h422/CBA2.jpg" width="640" /></a></div></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-70795921664192907352024-03-03T08:43:00.002+11:002024-03-03T08:43:38.661+11:00Podcast: The higher the tower, the greater the fall<b><u>2-Sense</u></b><br /><div><br /></div><div>I joined Batesy to discuss plummeting office valuations in Australia's cities, mortgage stress, and more.</div><div><br /></div><div><a href="https://www.raskmedia.com.au/2024/03/03/the-higher-the-tower-the-greater-the-fall/" target="_blank">Tune in here</a> (or click on the image below):</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.raskmedia.com.au/2024/03/03/the-higher-the-tower-the-greater-the-fall/" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="853" data-original-width="888" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUpXFdmTQizqHE4ZecfaXOs6dVks0S52ctww7ygXQu7OExgZtQOXKyyLlDCy7_GbZzIY3AqnfmrkHTK7xRNZIg3IvF4nxUf9JCo1uthaROJ5UoBHSpr9TKX1WeC-iSt_QGuDIBHSzsFpTFSrNsTaGEo9sCskWJbvaOKeAtOc-idVKXODii2jshumeI6KY/w640-h614/APP%23.jpg" width="640" /></a></div><br /><div>You can also watch a <a href="https://www.youtube.com/watch?v=7xRS2T9bqU0" target="_blank">video version here</a> (or below):</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/7xRS2T9bqU0" width="320" youtube-src-id="7xRS2T9bqU0"></iframe></div><br /><div><div style="text-align: justify;">---</div><div style="text-align: justify;"><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikvYfywGtvXaPvnYDbuYM56qqerpICQvxt4aJ6-tXQsngEuO5coR0kjJMLOX8ipQFO_gughJDFsvHkTOdmFPvSGcVJLhG6HIKbnSKySgO1uTZlaLdxLA6UxUyTNB0cK_8Fgk-PxZ0dqLGSgfWkRHrU3TB8PVytAQhY1_jgNVC7xRou56gQ6ASu0g8h1Us/s882/Office.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="544" data-original-width="882" height="394" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikvYfywGtvXaPvnYDbuYM56qqerpICQvxt4aJ6-tXQsngEuO5coR0kjJMLOX8ipQFO_gughJDFsvHkTOdmFPvSGcVJLhG6HIKbnSKySgO1uTZlaLdxLA6UxUyTNB0cK_8Fgk-PxZ0dqLGSgfWkRHrU3TB8PVytAQhY1_jgNVC7xRou56gQ6ASu0g8h1Us/w640-h394/Office.jpg" width="640" /></a></div></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-51950287942178648212024-03-01T10:54:00.002+11:002024-03-01T16:31:12.620+11:00Rents reaccelerate; record household wealth<div style="text-align: justify;"><b><u>Rents strengthen in 2024</u></b></div><div style="text-align: justify;"><b><u><br /></u></b></div><div style="text-align: justify;">Not great news for the inflation narrative, with rental price growth reaccelerating over the year to February, according to CoreLogic.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">House rents in Perth (+13.5 per cent) and Melbourne (+10.3 per cent) were especially strong. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Rents for units were also very hot in Perth (+16.3 per cent) and Brisbane (+12.3 per cent), as well as in other cities. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Overall, dwelling prices for units (+0.7 per cent) and houses (+0.6 per cent) picked in in February, with strong growth in Perth, Adelaide, and Brisbane, combined with solid price growth in Sydney. </div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNGmVR1kxZh8dsAT_rvz-pQeWGPreM27VbZsVJ_SQg73PLOLjGc8b9B8bjRFaNFkrgiEWloT2u-cRDHe43LZt33GNDxTJlVi12w9_2k5i_jVqbm3r0iGszxbZRtm7lsUFq4Nsw9Eiz6SJ_O5YkkvdyQ1so8BJF9CuZejGMlzMGvr6bMk6Dnl_KdghsMMU/s1246/VL.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="468" data-original-width="1246" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNGmVR1kxZh8dsAT_rvz-pQeWGPreM27VbZsVJ_SQg73PLOLjGc8b9B8bjRFaNFkrgiEWloT2u-cRDHe43LZt33GNDxTJlVi12w9_2k5i_jVqbm3r0iGszxbZRtm7lsUFq4Nsw9Eiz6SJ_O5YkkvdyQ1so8BJF9CuZejGMlzMGvr6bMk6Dnl_KdghsMMU/w640-h240/VL.jpg" width="640" /></a></div><br /><div style="text-align: center;"><u><i>Source: CoreLogic</i></u></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">You can read the <a href="https://www.corelogic.com.au/news-research/news/2024/housing-values-record-a-subtle-re-acceleration-in-february-as-sentiment-improves?utm_medium=email&utm_source=newsletter&utm_campaign=au-res-hvi-2024-mar" target="_blank">full CoreLogic media release here</a>.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Separately, <a href="https://www.realestate.com.au/insights/proptrack-home-price-index-february-2024/" target="_blank">PropTrack released</a> its latest monthly housing price figures, which also accelerated.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaW-jM3A8SKGwKy-Io5YGeq_KJV7TnNIlUGPu5PMr_KYp2WcaMEEFsx8fH-yfjPWlJdbkZuGY-cbAmCoN5p5Zc_UGZWI-cT2OlPQu6xc7Jrphb6JKhkdl1Pk4uD882Lk9LURk7nlsrHShObJp53xK0r6uXKTrxda13yg3kiz_-up24RUa47hH3PdRLt-8/s698/CK.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="277" data-original-width="698" height="254" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaW-jM3A8SKGwKy-Io5YGeq_KJV7TnNIlUGPu5PMr_KYp2WcaMEEFsx8fH-yfjPWlJdbkZuGY-cbAmCoN5p5Zc_UGZWI-cT2OlPQu6xc7Jrphb6JKhkdl1Pk4uD882Lk9LURk7nlsrHShObJp53xK0r6uXKTrxda13yg3kiz_-up24RUa47hH3PdRLt-8/w640-h254/CK.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Aussie household wealth is on fire at the moment, with house prices at record highs, superannuation balances the same, and the Aussie stock market closing today at 7,746.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMg34zoXCADsR3YxfbqJFZJTUiKgxGbI6f4IKmFnEwP1ZdNfsZ4XKjdV1Xzg6Sv54LUlCx3z9GlKyOPMieuT9j5dv5djLtHaiuH1s1pxAQfk1R4J1em69dz71sXDcznQCHDyEBiOTnpXpy1eH2ofPtW5YCHpEzLI9sFY2uQMLLeDEgongGkTV1Kv-Vrfs/s763/CS.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="170" data-original-width="763" height="142" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMg34zoXCADsR3YxfbqJFZJTUiKgxGbI6f4IKmFnEwP1ZdNfsZ4XKjdV1Xzg6Sv54LUlCx3z9GlKyOPMieuT9j5dv5djLtHaiuH1s1pxAQfk1R4J1em69dz71sXDcznQCHDyEBiOTnpXpy1eH2ofPtW5YCHpEzLI9sFY2uQMLLeDEgongGkTV1Kv-Vrfs/w640-h142/CS.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">You'd have got good odds on this at the start of the interest rate hiking cycle.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">More wealth increases are likely to follow as interest rates begin to fall across the next couple of years. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">---</div><div style="text-align: justify;"><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh98CtnjebW5F5vV7_Co5-gCZrJtAx1vJvIooOl8QEtg9OkLY7sMXWTTqYxJi-r5Rd_tKP9PQX7jxLxNtvl8TpRa51OSHLPhvG9flhnb_7imqdN6DvOlwzDEkhK19D_XqcXaxmYAUsVtmJypRdjR3RejGePXCHb1e8Y5Ga3-xnOjSO_2_9Q1etqDFOXrxI/s819/Perth.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="533" data-original-width="819" height="416" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh98CtnjebW5F5vV7_Co5-gCZrJtAx1vJvIooOl8QEtg9OkLY7sMXWTTqYxJi-r5Rd_tKP9PQX7jxLxNtvl8TpRa51OSHLPhvG9flhnb_7imqdN6DvOlwzDEkhK19D_XqcXaxmYAUsVtmJypRdjR3RejGePXCHb1e8Y5Ga3-xnOjSO_2_9Q1etqDFOXrxI/w640-h416/Perth.jpg" width="640" /></a></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-25051478021066243382024-02-29T12:29:00.003+11:002024-02-29T14:54:31.782+11:00Homebuyer credit growth rises to 15-month high<b><u>Housing credit growth picking up gradually</u></b><div><br /></div><div>Housing credit growth came in at 0.4 per cent in January, which is pretty solid. </div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLHkA11mmdEjLKzV7nSKFCIJ3LhH2WRnxoymzhcHx_8aDSWUUUCcZpkHYbnMGFrQ5DVc5SRfQz_eDwgfZ-3dY4NSU0gU8cxrBSyg3gR8bacIMXwLBppowe0qi2bcxAixPMPOur9vN9NrzfB7abVnVNVOj6XmtSa7jxT4eIom1MHKBGZzEH8uCjcv3kHus/s1346/RBA2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="803" data-original-width="1346" height="382" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLHkA11mmdEjLKzV7nSKFCIJ3LhH2WRnxoymzhcHx_8aDSWUUUCcZpkHYbnMGFrQ5DVc5SRfQz_eDwgfZ-3dY4NSU0gU8cxrBSyg3gR8bacIMXwLBppowe0qi2bcxAixPMPOur9vN9NrzfB7abVnVNVOj6XmtSa7jxT4eIom1MHKBGZzEH8uCjcv3kHus/w640-h382/RBA2.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Investor credit growth - on a net basis - has continued to slow from 0.29 per cent in October to a very anemic 0.22 per cent in January.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">We're seeing many instances of rental leases being renewed at 30 to 50 per cent higher levels, so investors should eventually be lured back into the market in 2024...but many are still selling for now, due to higher mortgage rates.</div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4Vd1x1gCl9ep465rgSfqwqIxkHmXCdPrGj1wDMmvOCkGWoh1po2Lp-GjS2ROA_zOgSVC5Pku1OKXeGFm8E-8s0VUQz0x_P2RKrQ-QxkNKpzjH5u8ma0IOP0KiFBf-0lHl1zQh8B3h5h1_pdIjdqtik3qng1e6r7wXSHWJRtKkbEz5CSIasTqhEiLlMFk/s1305/RBA3.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="788" data-original-width="1305" height="386" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4Vd1x1gCl9ep465rgSfqwqIxkHmXCdPrGj1wDMmvOCkGWoh1po2Lp-GjS2ROA_zOgSVC5Pku1OKXeGFm8E-8s0VUQz0x_P2RKrQ-QxkNKpzjH5u8ma0IOP0KiFBf-0lHl1zQh8B3h5h1_pdIjdqtik3qng1e6r7wXSHWJRtKkbEz5CSIasTqhEiLlMFk/w640-h386/RBA3.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">Owner-occupier credit growth was notably stronger at 0.44 per cent, for a 15-month high.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Overall, then, the housing credit impulse continues to strengthen, pointing to some price growth in 2024. </div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEig0rS3idtb_PG5jX2PxK9e0lZz6zEBQo8EoNCB6FieRXVzejcA-LdBZcgRUHeCfksBjcbr1enWy2zoRpw5tCvOgjioIL1VjuOe7EBPk_uEfNgWWSG-dzzW8QXP1r-KDCAxocT8XYCJRWbNvGZgYnO9rZ7c12MZCQJDX8Co8SpTjuT-pW5wNh0XAVHvIxs/s1321/RBA1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="813" data-original-width="1321" height="394" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEig0rS3idtb_PG5jX2PxK9e0lZz6zEBQo8EoNCB6FieRXVzejcA-LdBZcgRUHeCfksBjcbr1enWy2zoRpw5tCvOgjioIL1VjuOe7EBPk_uEfNgWWSG-dzzW8QXP1r-KDCAxocT8XYCJRWbNvGZgYnO9rZ7c12MZCQJDX8Co8SpTjuT-pW5wNh0XAVHvIxs/w640-h394/RBA1.jpg" width="640" /></a></div><br /><div style="text-align: justify;">Credit growth was 4.9 per cent over the year for the Aussie economy, well down from 7.5 per cent a year earlier. </div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXffN-hoa2pg7kMo0RdDOu1C2wsI7VA3TwU7QB-xPB6tYkEoFuMYxKA6Udsw1ndiedqeeJMs6FCUiPFRYMcNUUDUsXm3V2TBFi6dp2ew0Ndfu3mLsULarCP8cxaq9_KwNzwBLVprsxYsoQ-FiV_MroavcBYuyqFemNbAX-I0LFFFc6_5bimTmNhCHC4qs/s1295/RBA4.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="778" data-original-width="1295" height="384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXffN-hoa2pg7kMo0RdDOu1C2wsI7VA3TwU7QB-xPB6tYkEoFuMYxKA6Udsw1ndiedqeeJMs6FCUiPFRYMcNUUDUsXm3V2TBFi6dp2ew0Ndfu3mLsULarCP8cxaq9_KwNzwBLVprsxYsoQ-FiV_MroavcBYuyqFemNbAX-I0LFFFc6_5bimTmNhCHC4qs/w640-h384/RBA4.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b><u>Other news</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Retail turnover came in softer than expected for January, failing to recover the plunge from the preceding month.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Consumer spending is stalling and will continue to fade throughout 2024, and Australia's 3-year bond yield reflects these softening expectations, declining to a shade under 3.7 per cent. </div><div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">A slightly brighter spot was to be found in the latest CapEx figures, with a huge +17.5 per cent surge in renewables infrastructure spending over the past year.</div></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">We aren't building nearly enough dwellings, but there's a vast amount of investment in infrastructure taking place. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><div>---</div><div><br /></div><div>In other news, wages growth looks to be cooling.</div><div><br /></div><div>Via SEEK:</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfAhNtT2VfjV50mcKNpkJv7UYxHfbkAH0RS3_7xSKu2pHM6X1R822mCz1nxQGlObFvwZu-DvUBxsTV-dp35HWGgky9CTiNd2HGsxl9whomH5iyVtsLaMO-3OBu8HRP7mAp80BgREShrI6SNv-BvlVGEic0iqBA-bBvB6apA8GhtaK9j7mw17qXJE-e6Ao/s908/EEK.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="478" data-original-width="908" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfAhNtT2VfjV50mcKNpkJv7UYxHfbkAH0RS3_7xSKu2pHM6X1R822mCz1nxQGlObFvwZu-DvUBxsTV-dp35HWGgky9CTiNd2HGsxl9whomH5iyVtsLaMO-3OBu8HRP7mAp80BgREShrI6SNv-BvlVGEic0iqBA-bBvB6apA8GhtaK9j7mw17qXJE-e6Ao/w640-h336/EEK.jpg" width="640" /></a></div><div><br /></div><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today. </p></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXjsmicvZMLR0jC914oFnu99vI5n1Sm9YPTrbQvD58SSqPVIx_vHgElitMY5zT3K_nHCCMMInB0OWwN5vMKfJNTxwkyefuBotNr6ABIg3thwh6N_BKu7l3rvKKfxg3LYyFKZFxsOI_sfWhBtMjIAFGqGpnG3jWDnFiIVrrODbiUYivxFhgF99yrsG7Q-M/s817/Phone.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="530" data-original-width="817" height="416" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXjsmicvZMLR0jC914oFnu99vI5n1Sm9YPTrbQvD58SSqPVIx_vHgElitMY5zT3K_nHCCMMInB0OWwN5vMKfJNTxwkyefuBotNr6ABIg3thwh6N_BKu7l3rvKKfxg3LYyFKZFxsOI_sfWhBtMjIAFGqGpnG3jWDnFiIVrrODbiUYivxFhgF99yrsG7Q-M/w640-h416/Phone.jpg" width="640" /></a></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-83175366199779203612024-02-28T18:37:00.005+11:002024-02-28T22:51:50.353+11:00Housing construction slows; Victoria to fall far short of supply target<div style="text-align: justify;"><b><u>Home building slows</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">With another building firm going into administration yesterday, affecting a further 120 projects, it wasn't a great surprise to see that home building activity was falling sharply in late 2023 as the pipeline shrinks. </div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLmazaGjnYCGLMmuWaCIizHeSl7KkCay0uro43YDBsJPU26ejctJDQVyHTsQqgXzA40E7FNzy_vgIaHjWhPd6oBcP9GQeKfJIyjPbMmhyEoVqx6pSliaiVi3M7d1KrMeWDv5pjL1xGRN0nzzO2MyizfmWR__sk6b8LAnvpuu6xb2HJlMYqDvkpY94UDH8/s1355/CWD1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="813" data-original-width="1355" height="384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLmazaGjnYCGLMmuWaCIizHeSl7KkCay0uro43YDBsJPU26ejctJDQVyHTsQqgXzA40E7FNzy_vgIaHjWhPd6oBcP9GQeKfJIyjPbMmhyEoVqx6pSliaiVi3M7d1KrMeWDv5pjL1xGRN0nzzO2MyizfmWR__sk6b8LAnvpuu6xb2HJlMYqDvkpY94UDH8/w640-h384/CWD1.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">Apartment construction held up better.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">I've been of the opinion that anti-landlord legislation and new land taxes will stymy the supply of rentals in Victoria.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Usually I get the smartarse quips about the properties not spontaneously combusting when a landlord sells up.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">This is true, but overlooks the important role of household formation, and also that most new units are bought and funded by investors.</div><div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Take the investors out of the market and new apartment supply will dry up.</div></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Victoria has a notional target of building 800,000 new homes over the next decade to meet record rental shortages and high population growth.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Good luck, but, well, I can't see it...</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTcC5lIig5va3auHeKNixromqKBVG5TpBxeGn3sO-Mkih6GC8-T4QXhq0zD_NY1bC3BrX86S8mT2A3_AVav2xwd0FgtBCrR7iGb05u2rVLatfxJFLqdNM3PX3VIDO29szAGg7uJ3FVStDocqoS5i9WR_5RCPkyUPL4WWKhhRAP_g8gTHkc11wBh68aGRc/s1418/CWD2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="802" data-original-width="1418" height="362" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTcC5lIig5va3auHeKNixromqKBVG5TpBxeGn3sO-Mkih6GC8-T4QXhq0zD_NY1bC3BrX86S8mT2A3_AVav2xwd0FgtBCrR7iGb05u2rVLatfxJFLqdNM3PX3VIDO29szAGg7uJ3FVStDocqoS5i9WR_5RCPkyUPL4WWKhhRAP_g8gTHkc11wBh68aGRc/w640-h362/CWD2.jpg" width="640" /></a></div><div><br /></div><div style="text-align: justify;">Attached dwelling construction in Brisbane is beginning to stir again in response to a chronic shortage.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Overall construction activity was strong, driven by another record quarter for engineering and infrastructure activity in New South Wales, and an ongoing ramp-up in mining construction in Western Australia. </div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg08wqy9IATVQRkftvktWttcUuFRcdmBV6ZYGnZsCC43lgrWcjs7uHw7jVoN7X3gS37FQLx2S5_jmMB9FYfJnBQH90ydqWqQM87lCI95yPYVL9u_Xcy0AgX2YVfxfKkWFyAqjq1PkJdEQdn3VrokNoqK6lqPmIkUvhufAZxMdBTk_LcsLObfQ2GMz6Yvhk/s1459/CWD3.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="815" data-original-width="1459" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg08wqy9IATVQRkftvktWttcUuFRcdmBV6ZYGnZsCC43lgrWcjs7uHw7jVoN7X3gS37FQLx2S5_jmMB9FYfJnBQH90ydqWqQM87lCI95yPYVL9u_Xcy0AgX2YVfxfKkWFyAqjq1PkJdEQdn3VrokNoqK6lqPmIkUvhufAZxMdBTk_LcsLObfQ2GMz6Yvhk/w640-h358/CWD3.jpg" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: justify;">Overall, December 2023 was a very strong quarter for engineering works, but residential building work done fell by more than 5 per cent as house building slowed, while Victoria's housing supply targets increasingly look like a pipe dream due to taxes and other disincentives. </div><div><br /></div><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">here</a>, where I'm active daily and have over 13,800 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><span> </span>5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwR6_6LtICu_iNyRbexaUfSbr1Qz1niJ_6iAeg1hOt1gLseBrTOzjlbxCixK4RXyLgJCC4cznjRlIptpuZiJmwhQZAylOIdbh62mNVO9Yb2ANBjY8K3C0eaO6gj7Q3bARZr1GUPtqgQmVyKclMAWe7SD_8UOaVimkqcivCfB6adWlhimC-aq6H2U9_Dcc/s733/Diggers.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="536" data-original-width="733" height="468" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwR6_6LtICu_iNyRbexaUfSbr1Qz1niJ_6iAeg1hOt1gLseBrTOzjlbxCixK4RXyLgJCC4cznjRlIptpuZiJmwhQZAylOIdbh62mNVO9Yb2ANBjY8K3C0eaO6gj7Q3bARZr1GUPtqgQmVyKclMAWe7SD_8UOaVimkqcivCfB6adWlhimC-aq6H2U9_Dcc/w640-h468/Diggers.jpg" width="640" /></a></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-43243470722538297342024-02-28T13:23:00.012+11:002024-02-28T23:02:25.819+11:00Inflation lower than expected at 3.4pc<div style="text-align: justify;"><b><u>Inflation easing</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">After a hundred and more articles on "Taylor Swift inflation" the actual inflation figure came in at only 3.4 per cent for the year to January 2024. </div><div style="text-align: justify;"><br /></div><div>That was lower than the 3.6 per cent expected by market economists.</div><div><br /></div><div>Maybe we'll see some Swifty impact in February, but not yet!</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEij1ZBK0J5ISddpYbho2jW3gJcruJWFqV-IQKK-STMozr0aS3ILJmV2nsXf_mhf6wWQuziIQLvq3H8YmcaOXIer150siRrewLpIgL4hPXnbqUokD2A-I5x0-qLrGRnjEk_U4ggtAR7HqyEuvZJFAyeqaOYSS_sSxSX4-CZK6xLPGMCHqiu4mAragN7myDM/s1087/CPI.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="696" data-original-width="1087" height="410" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEij1ZBK0J5ISddpYbho2jW3gJcruJWFqV-IQKK-STMozr0aS3ILJmV2nsXf_mhf6wWQuziIQLvq3H8YmcaOXIer150siRrewLpIgL4hPXnbqUokD2A-I5x0-qLrGRnjEk_U4ggtAR7HqyEuvZJFAyeqaOYSS_sSxSX4-CZK6xLPGMCHqiu4mAragN7myDM/w640-h410/CPI.jpg" width="640" /></a></div><br /><div style="text-align: center;"><u><i>Source: ABS</i></u></div><div><br /></div><div style="text-align: justify;">Over the past month, the measured year-on-year prices declined.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitoXTDBYVnZDSwF31DWkxlRI_q1u2EcIrWF-nMw9GJ16coEjGIzJRC2FbWhZwhSpOcHE0IbdoMYwkwGhn4BEGjpzmSip_hHUtXgCdppG3_bznfYeUNbzWnGKWmlNVtKHjqE-BYNG1mmHm3eplJR-_PfBuYH7fVZ_RmCNognuYwcicAh2bidkDBmeu9jW0/s737/Shane.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="260" data-original-width="737" height="226" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitoXTDBYVnZDSwF31DWkxlRI_q1u2EcIrWF-nMw9GJ16coEjGIzJRC2FbWhZwhSpOcHE0IbdoMYwkwGhn4BEGjpzmSip_hHUtXgCdppG3_bznfYeUNbzWnGKWmlNVtKHjqE-BYNG1mmHm3eplJR-_PfBuYH7fVZ_RmCNognuYwcicAh2bidkDBmeu9jW0/w640-h226/Shane.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Generally, then, the disinflationary trend remains well intact, and this was a happy result for policymakers, with the return to inflation target tracking a little bit better than previously expected. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">There's still an ongoing issue with rents and new housing costs.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Housing construction and major renovations fell sharply in the final quarter of 2023 as the pipeline shrinks (and with yet more building firms going bust), so the materials and trades price pressures should start to ease here too.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMP-YDo3uX_6CfUTAxctl9CgPLneK0I_DvmAIrk0J2rFnC2LNdRcVXTuq9Q3FV4WGE7VfaBNVWnpAvm1d_Rj4ZFMFCnyAzibd9T_E77qCesnTEYw7FvEIrZ-woiSESeiAsehvYoLb94q3pkfLIN8C3470tIzwlNXtnj_ewIVc_MTnXaBNxxJ9nQ4ILTeY/s1355/CWD1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="813" data-original-width="1355" height="384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMP-YDo3uX_6CfUTAxctl9CgPLneK0I_DvmAIrk0J2rFnC2LNdRcVXTuq9Q3FV4WGE7VfaBNVWnpAvm1d_Rj4ZFMFCnyAzibd9T_E77qCesnTEYw7FvEIrZ-woiSESeiAsehvYoLb94q3pkfLIN8C3470tIzwlNXtnj_ewIVc_MTnXaBNxxJ9nQ4ILTeY/w640-h384/CWD1.jpg" width="640" /></a></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;">Overall, for both 3-month and 6-month annualised figures inflation is within the 2 to 3 per cent target band on these figures.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Good news, and plenty softer than most of the economist forecasts, some of which ran as high as 4 per cent. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">James Foster ran through the details <a href="https://jamesfostermacro.blogspot.com/2024/02/australian-cpi-34-in-january.html" target="_blank">here</a>.</div><div><br /></div><div>---</div><div><br /></div><div style="text-align: justify;">Keep an eye out for the upcoming podcast episode where I spend an hour with Dr. Cameron Murray, author of <i>The Great Housing Hijack. </i></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZBTkHgARcIsmu2NSSji_6mxeczsD2K_-1vRnOShAO6shbW5W3-N5p4czm0VpZ-k-_dG2CpMrGlsXIdmTs8ciQBjmGnpjQ10VcqgfzOzWtDKSmFulgAvADOJne4FHP9tcGgnnA4MEjtblwjtt17prbIgmt539pKdf07DYYGk7znt8VQTnxYiMOpNP69ns/s909/app.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="514" data-original-width="909" height="362" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZBTkHgARcIsmu2NSSji_6mxeczsD2K_-1vRnOShAO6shbW5W3-N5p4czm0VpZ-k-_dG2CpMrGlsXIdmTs8ciQBjmGnpjQ10VcqgfzOzWtDKSmFulgAvADOJne4FHP9tcGgnnA4MEjtblwjtt17prbIgmt539pKdf07DYYGk7znt8VQTnxYiMOpNP69ns/w640-h362/app.jpg" width="640" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">It was a very interesting conversation, where Cam explained how households tend to spend a consistent amount of their income on rent over time, in most developed economies.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">For this reason, as incomes rise over time, so do rents.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">This kind of makes sense to me, based on personal experience - whenever we’ve rented the starting point has been our allocated budget. </div><div style="text-align: justify;"><br /></div><div><div style="text-align: justify;">And while housing prices can rise and fall through the cycles, they seldom fall too far before yields become relatively all too attractive and investors bid prices all the way back up again. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Cam also explained the role of vested interests in property, why rezoning alone can't fix housing supply, and how bridesmaid suburbs are great investments as they benefit from the ripple effect. </div><div><br /><div><div>---</div><div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">here</a>, where I'm active daily and have over 13,500 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; text-decoration: none; transition: 0.1s;">here</a>, so book in a call today. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyRlnnL13nSEj5Kqw-ZBJm8R-wWVYzi_o-AHEZFz60J7HGwXt0L4YT1uIQWNaTr-eYTqkel-wAYlWElXKkZqeSk3qKsWQV-gelWptHY29Q92Zf5ZPQ8gmfuH6en-vyzTlrI6XmVjFvjyK1GIvRv2vEusSZC1RS4GYpho40TJCnA0LPoOK8e_m7g0_aiz4/s381/Fruit.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="248" data-original-width="381" height="416" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyRlnnL13nSEj5Kqw-ZBJm8R-wWVYzi_o-AHEZFz60J7HGwXt0L4YT1uIQWNaTr-eYTqkel-wAYlWElXKkZqeSk3qKsWQV-gelWptHY29Q92Zf5ZPQ8gmfuH6en-vyzTlrI6XmVjFvjyK1GIvRv2vEusSZC1RS4GYpho40TJCnA0LPoOK8e_m7g0_aiz4/w640-h416/Fruit.jpg" width="640" /></a></div></div></div></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-49563562542270369372024-02-27T19:30:00.000+11:002024-02-27T19:30:02.894+11:00Our no-nonsense Big Picture Podcast about the economy & property markets <div style="text-align: justify;"><b><u>Big Picture podcast</u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">I joined Michael Yardney on the Big Picture podcast to discuss all the latest news for the economy and <a href="https://propertyupdate.com.au/podcast-our-no-nonsense-big-picture-podcast-about-the-economy-and-property-markets-with-pete-wargent-3/" target="_blank">property here</a> (or click on the image below):</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://propertyupdate.com.au/podcast-our-no-nonsense-big-picture-podcast-about-the-economy-and-property-markets-with-pete-wargent-3/" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="654" data-original-width="1125" height="372" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwCjvyawoogH8LYuesMv48pHjMDwtTHcR1oXHoL2rF0e_neDwq0xBu2cFH-MjCAtxE0IPMVnHteovBbB5AjlAuNhJBmcLbfLCsFOqYxXTB8E-tdnzKT8SpDgAKXV8reLwCVG7AfmzGIGOC84r3Sl4QabYkQ0AVCGygI3QMnUgNAwulamYooEtusLt4Tng/w640-h372/MY.jpg" width="640" /></a></div><br /><div>---</div><div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,500 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoD5Cp2R28wJrRMWpTnqPGCvFrgh46qqcuqE7TiVUBhbyvRjKXOiZ1phCWaawUtzoW7f9shyCKsg4xxiZb12iREnjrE3VsWz48_CKusCohDHtOk8NjflYcGI22AEglqaYHSOaeVuW_LBLAsotefutQhO_zfbMNehTQO1w9tae8QEJPTP2_7b2VSEd_ijk/s818/Podcast.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="543" data-original-width="818" height="424" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoD5Cp2R28wJrRMWpTnqPGCvFrgh46qqcuqE7TiVUBhbyvRjKXOiZ1phCWaawUtzoW7f9shyCKsg4xxiZb12iREnjrE3VsWz48_CKusCohDHtOk8NjflYcGI22AEglqaYHSOaeVuW_LBLAsotefutQhO_zfbMNehTQO1w9tae8QEJPTP2_7b2VSEd_ijk/w640-h424/Podcast.jpg" width="640" /></a></div></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-1489746653740109359.post-55404868312344812552024-02-27T08:49:00.008+11:002024-02-27T08:49:42.935+11:00Mortgage stress continues to build<div style="text-align: justify;"><b><u>Mortgages under stress </u></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Mortgage stress is still continuing to build under current settings.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The impact of higher mortgage rates has yet to fully flow through as low fixed rate mortgages continue to reset to much higher mortgage rates. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">And now there are more than 600,000 unemployed persons, with some firms cutting wages, and many building and construction firms also teetering on the brink.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Roy Morgan estimated there to be 1.6 million stressed home loans as at January 2024.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">That's with close to 1 million mortgages now classified as extremely at risk.</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgl3WQW6G2EQeN5odxzirMJJfKkTA1IqC-Z_yTJrnkJ4VkTwo2yegUfb9gmT2aqiVwTuAvH1z61AfsTZWPOn6uK6NjbDk8gRx3fHfzjjEM_gQ21lsoo6__7T0X4bQNZKnoHGOEMnlJ2ixyjTVgqV_5F9m8piyAx_rhpv2NgdaWEQs9YH8uIwv_T9JG2QeY/s940/RM.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="638" data-original-width="940" height="434" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgl3WQW6G2EQeN5odxzirMJJfKkTA1IqC-Z_yTJrnkJ4VkTwo2yegUfb9gmT2aqiVwTuAvH1z61AfsTZWPOn6uK6NjbDk8gRx3fHfzjjEM_gQ21lsoo6__7T0X4bQNZKnoHGOEMnlJ2ixyjTVgqV_5F9m8piyAx_rhpv2NgdaWEQs9YH8uIwv_T9JG2QeY/w640-h434/RM.jpg" width="640" /></a></div><br /><div style="text-align: center;"><u><i>Source: Roy Morgan Research</i></u></div><div><br /></div><div style="text-align: justify;">The percentages of mortgages under stress has run higher once before on this data series in May 2008, but this was rescued by interest rate cuts. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><div>---</div><div><br /></div><div><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:</p><ol style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; text-align: left;"><li style="box-sizing: inherit; margin: 0px 0px 0.2em; padding: 0px; text-align: justify;"><span style="box-sizing: inherit; font-weight: 700;">Boom or Bust – 20 minute online workshop for investors</span></li></ol><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Register for my next<span style="box-sizing: inherit; font-weight: 700;"> free online training</span> - Boom or Bust? How to change your investment plan - <a href="https://www.gonextlevelwealth.com.au/lrhr-free-online-training" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">book in here</a></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;">You also download a free copy of my e-book <span style="box-sizing: inherit; font-weight: 700;">The Only 6 Ways to Become Wealthy</span> <a href="https://www.gonextlevelwealth.com.au/book" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>.</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit;"><span> </span>2. </span><span style="font-weight: 700;">Download our property buying guide</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px; text-align: left;"><span style="box-sizing: inherit;"></span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Download our free property buying guide <a href="https://www.allenwargent.com.au/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also check out a few of our recent property investment purchases <a href="https://www.allenwargent.com.au/results/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.allenwargent.com.au/contact-us/" target="_blank">Get in contact with us today</a> if strategic property investment is your thing. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="font-weight: 700;"> </span>3<span style="font-weight: 700;">. Subscribe to our Top 10 Podcasts for Investors</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span style="box-sizing: inherit; font-weight: 700;">Listen in to our podcasts</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">The<span style="box-sizing: inherit;"> </span><a href="https://www.raskmedia.com.au/podcasts/australian-property-podcast/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Australian Property Podcast</a> is one of Australia's biggest business podcasts.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">And our enormously popular Low Rates High Returns Show also remains available on <a href="https://open.spotify.com/show/67P4wnQRx2163twnNNLdwK" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">Spotify</a>.</p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>4. <span style="font-weight: 700;">Subscribe for my free daily blog</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">Subscribe for my free daily blog with well over 3.5 million hits <a href="http://petewargent.blogspot.com/" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">You can also catch up with me daily on Twitter <a href="https://twitter.com/PeteWargent" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, where I'm active daily and have over 13,500 followers. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books <a href="https://petewargent.com/books/" target="_blank">here</a>. </p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;"><span> </span>5. <span style="font-weight: 700;">Work with me privately</span></p><p style="box-sizing: inherit; font-family: "Open Sans"; font-size: 18px; margin-bottom: 1rem; margin-top: 0px;">For a limited time you can book in a free diagnosis call with me <a href="https://www.gonextlevelwealth.com.au/apply" style="box-sizing: inherit; color: #d9a812; text-decoration-line: none; transition: all 0.1s ease 0s;">here</a>, so book in a call today.</p></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4qSQUMaFbDBANgxWqanuKELW4DrOxTfCPdK-e7hy7y3RJvo8uMjSBZF86kszlFQcAAHduXhLxgg4KuJTcIf2WZaPpmEPmudBFW2-fqv-N9vyR-lzu2tn_hy-TiSOQZHbHWrGf59eFyg5pysX8SHomL_gVayXZ0GCjKUJOmjFtPfkX3l1goOcKiI6clUE/s818/Mortgage.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="547" data-original-width="818" height="428" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4qSQUMaFbDBANgxWqanuKELW4DrOxTfCPdK-e7hy7y3RJvo8uMjSBZF86kszlFQcAAHduXhLxgg4KuJTcIf2WZaPpmEPmudBFW2-fqv-N9vyR-lzu2tn_hy-TiSOQZHbHWrGf59eFyg5pysX8SHomL_gVayXZ0GCjKUJOmjFtPfkX3l1goOcKiI6clUE/w640-h428/Mortgage.jpg" width="640" /></a></div></div>Unknownnoreply@blogger.com