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Pete Wargent

43 Podcast Episodes

Latest 26 Nov 2022 | Updated Daily

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To buy or not to buy? That’s the question, with Pete Wargent | Big Picture Podcast

The Michael Yardney Podcast | Property Investment, Success & Money

It looks like inflation will soar to nearly 8 percent by Christmas and be chased by interest rates that together will send people’s ability to pay for things further into reverse, halt the jobs boom, and put the brakes on economic growth. I know many people are preparing for a rocky road ahead.  But I don't necessarily agree with them. If the government and Reserve Bank get their settings right, inflation will moderate next year and slowly return to within the RBA’s target range, unemployment will hover around 4 percent, real wages will start to grow, and we will end up with that desirable soft landing. However, I'm a fan of being prepared and not having a crisis rather than ending up in a crisis and not being prepared. So once a month, I catch up with leading economic commentator Pete Wargent in these monthly Big Picture podcasts when we look at the macro factors affecting our economy and our property markets. Links and Resources: Metropole’s Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Pete Wargent’s new Podcast Pete Wargent’s blog Shownotes plus more here: To buy or not to buy? That’s the question, with Pete Wargent 

42mins

5 Sep 2022

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Recession: Will Australian house prices crash in 2022? | Pete Wargent on The Australian Investors Podcast

Australian Investors Podcast

Pete Wargent is Australia's leading property expert and co-founder of Buyersbuyers.com.au, a platform connecting property buyers and investors to approved buyer's agents.In this podcast episode on The Australian Investors Podcast, Owen Rask and Pete Wargent talk about a wide range of the most important economic data points, topics and headlines catching the attention of investors in property, shares, bonds and private companies.Talking points: Is Pete Wargent scared about falling property prices? What does a recession mean for stocks, property or even crypto? What is the CAPE ratio and what is it telling us? Do Aussie banks have safeguards in place? Will rising interest rates cripple Australian shares? Should I keep investing in a diversified portfolio of index funds if interest rates rise? The 10-year economic outlook for stocks, bonds and property Is property an inflation hedge? Earnings season: is the stock market overconfident? Could interest rates hit 3%? A look at the rate curve. As you can see, this podcast was loaded with economic data points and topical issues. But Owen Rask & Pete Wargent do a fantastic job of keeping the conversation punchy, concise and fun -- all that in just 40 minutes on The Australian Investors Podcast.Watch the video version on the Rask Australia YouTube page.Take Owen’s brand new Value Investor Program, which gives you all the tools and knowledge you need to invest successfully in companies, including valuation spreadsheets, investing checklists and ASX company case studies. Alternatively, why not take Owen’s FREE investor bootcamp: bit.ly/rask-analystJoin The Intelligent Investor & saveThis podcast is brought to you by The Intelligent Investor, Australia's premier investment research membership service. Use the code "RASK", to get $100 off your annual membership or get a free 15-day trial (no credit card details required):📈 Click here for a free 15-day trial💸 Click here to join today ($100 off)Trade ASX, US & HK stocks for just $9.50!The Australian Investors Podcast's official broker is SelfWealth. Over 120,000 smart investors use SelfWealth to invest and trade ASX shares, ETFs and global stocks. Rask's Investors Podcast listeners can join today and get $9.50 trades!✅ Click here to join SelfWealthAccess Alan Kohler’s Eureka ReportEureka Report provides investors with information, strategies and general advice to help grow their wealth. Gain exclusive access to CEO’s and fund manager interviews, SuperAdvice for your SMSF & Q&A’s with Alan Kohler. Use the code "RASK10", to get 10% off your annual membership or get a free 15-day trial (no credit card details required), by heading to:🗞 Click here to join today (10% off)📱 Free 15-day trial

40mins

13 Jul 2022

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Retired at 33, election promises, start-ups & teaching your kids about money, ft. Pete Wargent

Australian Investors Podcast

Pete Wargent is one of Australia's leading experts on property investing, wealth creation, financial education and independence, and the economy. He has authored multiple books, and regularly presents at conferences or on television.Most recently, Pete Wargent has gone back into business with his co-founder Doron Peleg to start a property platform known as BuyersBuyers.BuyersBuyers connects you with top Buyer's Agents from around Australia at more affordable rates than the industry.In this podcast, Pete talks us through the idea of the company, what problem they're solving and how the business is coming together. I want to call out that Pete and Doron are currently undertaking a capital raising, so if you're interested in learning more, please reach out to him via the links in the show notes.Resources: Message Pete on Twitter or LinkedIn Buyerbuyers website Book: Wealth Ways for the Young Pete's first podcast with Owen Owen's Twitter Watch the video version on the Rask Australia YouTube page.Take Owen’s brand new Value Investor Program, which gives you all the tools and knowledge you need to invest successfully in companies, including valuation spreadsheets, investing checklists and ASX company case studies.Join The Intelligent Investor & saveThis podcast is brought to you by The Intelligent Investor, Australia's premier investment research membership service. Use the code "RASK", to get $100 off your annual membership or get a free 15-day trial (no credit card details required):📈 Click here for a free 15-day trial💸 Click here to join today ($100 off)If you want to thank us for putting this show together, please give The Australian Investors Podcast a 5-star review on Apple Podcasts or Spotify - it’s a 5-second task that really helps support the show (and puts a big smile on Owen's face).DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsgDate recorded: 18th May 2022

53mins

18 May 2022

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Economic and property trends you must understand. The Big Picture with Pete Wargent

The Michael Yardney Podcast | Property Investment, Success & Money

Boy, there’s a lot going on in the world right now isn't there? Overseas there are all the geopolitical issues, and back home there are our own political issues plus concerns about wages growth, inflation, and the economy. Of course, Australia’s economy and our property markets don’t operate in isolation, and that’s why each month I take time out to have a look at the big picture, the macroeconomic factors affecting not just Australia’s economy, but the world economy, to help us understand what’s ahead for us, and I do this once a month in these Big Picture Podcasts with Pete Wargent. There has been a lot happening since I last spoke with Pete, so I’m sure you’ll get a lot out of the show. Russia / Ukraine A lot of the world has been imposing sanctions on Russia, which will greatly impact the Russian economy. There is currently a huge humanitarian crisis. The world is seeing increased fuel and gas prices. Australia will probably reduce its dependence on Russian fossil fuels. Inflation will probably stick around longer because of this conflict. Monetary policy will become more complicated worldwide. We are likely to see more spending on defence. Brisbane Floods There has been some recent dramatic flooding in Brisbane, and while in the medium term our focus must be on the safety and rebuilding of Queensland, we also must consider the long-term effect of this flooding. The initial focus will be on clean up. Next will be repairs and insurance claims. In the five years after the 2011 floods, house prices in Brisbane increased by about 25% History suggests that the housing market will snap back quickly. Australia’s Great Resignation? Information from the NAB Survey: While around 1 in 5 working Australians actually did change jobs in the past year, when asked about their plans to do so, almost 1 in 4 (23%) said they were also considering leaving their current place of employment. A further 4 in 10 (41%) indicated they were not considering leaving their current jobs but were keeping up to date with potential job opportunities. Around 3 in 10 (31%) said they had no intention to change jobs and did not keep up with potential job opportunities. Just over 1 in 20 (6%) were unsure. A greater share of full-time workers are considering leaving their jobs over the next 12 months (24% vs. 18% of part-timers).  By age, younger workers are more likely to be considering a change (28%), but a sizeable share of Australians aged 30-49 (23%) and 50-64 917%) are also considering doing so.   Importantly, the survey also finds that many of the key reasons workers are contemplating leaving their jobs are “push” factors - a lack of personal fulfillment, purpose or meaning, lack of career growth, mental health, poor pay, and benefits. Many Australians who are considering changing jobs are also looking for a fresh start, with around 3 in 10 planning to move to a different or new role in a new industry. Wages data and Interest rate rises. As expected, the Reserve Bank Board decided to maintain the cash rate at 10 basis points. When is the Reserve Bank going to raise interest rates?  How high will interest rates go this cycle? These are questions of speculation and concern to commentators, homeowners, and investors. Some commentators were pointing to the possibility of rate hikes as soon as this June. If the RBA raises interest rates this year this will further decelerate already slowing housing price growth. However, for the bank to raise the cash rate, it will need inflation 'sustainably' within the 2% to 3% range – a scenario that would require wages growth in the order of 3-4%. Although the latest inflation data was stronger than expected and underlying inflation is back within the RBA’s target range, the board will be waiting for evidence that wages have turned a corner. What are neutral interest rates? Interest rates are currently at very low stimulatory rates, and at some point, the Reserve Bank is going to need to raise them, not to slow down the market, but to allow a comfortable level of inflation and wages growth to occur. How high these rates will go will determine whether the household sector will be able to service higher mortgage rates. Currently, Australians are wealthier than they ever have been, and many are months ahead in their mortgage repayments. The NAB CEO suggested that he can't see mortgage stress occurring with rate prices anytime soon. Wages and rents are going to increase Home loan activity up again over January Home loan activity continued to rise over January In fact, home lending increased by 44.2% over the ending of January 2022. Net arrivals positive for the first time since June 2021 There were only 245,000 short-term visitors to Australia in 2021, down from 9.5 million two years prior. But now things are beginning to look up for the country’s tourism sector. Australia eased its international border on 15 December 2021 to the 235k visa holders currently outside Australia. It also opened travel bubbles with Japan and South Korea, which follows the existing bubble with Singapore. Travel is set to re-open to all fully vaccinated visa holders from 21 February 2022. Short-term visitors are now coming here, and in January the number of net overseas arrivals shifted into positive territory for the first time in six months. Skills shortages within highly skilled industries should ease as 2022 progresses, though not completely and not overnight. Shortages in agriculture, hospitality, and caregiving may persist for longer. Links and Resources: Metropole’s Strategic Property Plan – to help both beginning and experienced investors Get a bundle of free reports and eBooks – www.PodcastBonus.com.au Pete Wargent’s new Podcast Shownotes plus more here: Economic and property trends you must understand. The Big Picture with Pete Wargent Some of our favourite quotes from the show: “There’s already a shortage of tradespeople, there’s a shortage of builders, shortage of materials, and there’s now all of a sudden going to be a huge extra requirement for all of those sorts of things.” –Michael Yardney “What’s been happening up to now is the Reserve Bank’s been saying, “we’re waiting for wages to go up.” – Michael Yardney “I think one has to take into account in one’s planning, but not be worried by these Armeggedon forecasts by the same people who thought the property market was going to crash in 2020.” – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

29mins

16 Mar 2022

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Bonus Episode! How Brisbane will fare after the floods with Pete Wargent and Melinda Jennison

Brisbane Property Podcast

In this bonus episode from Pete Wargent of Buyers Buyers, Melinda talks through how Brisbane will fare after the floods. Melinda shares her views on what will happen in Brisbane following the floods, and the outlook for the decade ahead as Brisbane gets set to host the 2032 Olympics.

35mins

8 Mar 2022

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Property prices during inflation with Pete Wargent

The Good Oil with Scott Phillips

What does 2022 have in store for Aussie real estate? Is it best to be a buyer or a seller? How does a post pandemic world impact your property?  Host Scott Phillips unpacks post covid-era real estate with property finance author and COO of BuyersBuyers Pete Wargent.  Follow The Good Oil on instagram, facebook and twitter @goodoilpodcastSee omnystudio.com/listener for privacy information.

46mins

21 Feb 2022

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Property forecasts and trends for 2022, with Pete Wargent

The Michael Yardney Podcast | Property Investment, Success & Money

What’s ahead for property in 2022? If you’re curious about what will be affecting our property markets in 2022, you will love today’s show, because Pete Wargent and I discuss 8 trends that will shape the property markets for 2022 and beyond. Property trends for 2022 We experienced a wild ride in property in 2021, didn't we, so what's ahead for 2022? While our property markets are slowing down as the year ends, there is still significant momentum, so the main factors which will determine what happens to property next year will depend on what the RBA does to interest rates and if APRA tightens the screws further on lending. But despite the best predictions, if history has taught me anything, it is that there will be an unexpected X factor coming out of the blue to undo the most seasoned property forecasts, either on the upside or the downside. However here are seven property trends I expect to happen in 2022 Property values will continue to rise While many factors affect property values, the main drivers of property price growth are consumer confidence, low interest rates, economic growth, and a favourable supply and demand ratio. As always, there are multiple real estate markets around Australia, but in general property values should increase throughout 2022, but at a slower rate of growth than 2021. We’re in for a 2-tier property market moving forward. While most property markets around Australia have performed strongly so far this cycle, moving forward the rate of property price growth will slow and there are several reasons for this including: Affordability issues will constrain many buyers. The impetus of low interest rates allowing borrowers to pay more has worked its way through the system and with property values being 20- 30% higher than at the beginning of this cycle at a time when wages growth has been moderate at best and minimal in real terms for most Australians, means that the average home buyer won’t have more money in their pocket to pay more for their home. The pent-up demand is waning – While there are always people wanting to move house and many delayed their plans over the last few years because of Covid, there are only so many buyers and sellers out there and there will be fewer looking to buy in 2022. APRA – is intent on slowing our markets using macroprudential controls This will lead to a two-tier property market - in other words, not all locations will continue growing strongly moving forward. I can see properties located in the inner and middle-ring suburbs, particularly in gentrifying locations, significantly outperforming cheaper properties in the outer suburbs. Our economy will pick up Households have squirreled away an estimated $200 billion this year, with the prolonged lockdowns in Australia’s two largest cities keeping people indoors and spending less. Some of it will go to paying down debt and some will go into buying assets. We’re already seeing this in retail spending, and it’s been apparent in our property markets throughout the year as many homeowners upgraded. The “official” interest rate will remain unchanged In my mind, the official RBA interest rate is likely to remain unchanged throughout 2022. Australia's economy is still operating below its potential with economic growth and wages growth not strong enough to justify an interest rate increase. APRA is likely to tighten its macro-prudential measures APRA has only really tapped its foot on the brake pedal; it hasn't really pushed down hard on the brake to slow our markets down so if the property markets continue growing too fast for their liking, they are likely to introduce stricter measures. A flight to quality As the market matures, we will see a flight to quality with well-located A-class homes and investment-grade properties still selling well, but secondary properties having trouble finding buyers. More property investors return to the market So far this property cycle has been driven by owner-occupiers and first home buyers, but now more and more investors are getting in the market. Of course, this always happens after a period of strong housing price growth when a whole new generation of investors read how well others have done by owning property. Here’s something I can guarantee will happen in 2022 The property pessimists will still be out there telling us not to invest and that our property markets are going to crash. And as has been the case for the last few decades - they will be wrong. Where to buy your next property? If you want to outperform the average investor, if you want to develop financial freedom through property investing, then don’t start by selecting a location, or looking for that ideal property. Things have to be done in the right order – and selecting the property comes right at the end of the process. The property you will eventually buy will be the result of a sequence of questions you will need to ask and answer and a series of decisions you’ll need to make before you even start looking at locations. So, my first recommendation to anyone asking where to invest is to sit with an independent property strategist to formulate their plan. It’s just too difficult to do on your own and I’ve found most investors tend to be too emotionally involved to see their situation objectively. The benefits of formulating such a plan include: It will help you define your financial goals. You’ll discover whether your goals are realistic, especially for your time frame. You’ll find out what you’ve done right and what you’ve done wrong along your financial journey so far and what you can do about it. You’ll be able to measure your progress towards your goals and whether your property portfolio is working for you, or if you’re working for it. Your plan will help you identify risks you hadn’t thought of. By following a documented plan, the real benefit is that you’ll be able to grow your wealth through your property portfolio faster and more safely than the average investor, without making any more costly mistakes along the way. When selecting a location, I would initially start by eliminating locations. For example, I would not be investing in regional Australia or in the smaller capital cities. There’s no doubt that some better performing regional locations or certain suburbs in our small capital city will outperform the poorer performing suburbs of our three big capital cities. But when I suggest you should only consider investing in Australia’s big three capital cities, I’m also saying that it’s important to be very selective in choosing suburbs in these cities – investment grade suburbs that are likely to outperform. I look for suburbs where wages (and therefore disposable income) are increasing above average. These will either be: Discretionary Locations These are the most expensive locations in our capital cities – the “established money” locations where most of the residents have lived for a long time and where many residents have paid off their home loans years ago. Aspirational Locations These are the upper-middle-class areas and gentrifying locations of our big cities. Avoid affordable suburbs This is where most homeowners and many investors look because that’s where they can afford to buy. Avoid last choice locations In every city, there are suburbs where people live because they really have no choice. But it’s not only the location that’s important. While I believe that 80% of your property’s performance is related to its location, the other 20% or so is related to buying the right property in that location. Even in the best suburbs, there are some properties I would avoid – they just don’t make good investments and others I would be keen to have in my portfolio. Links and Resources: Michael Yardney Metropole’s Strategic Property Plan – to help both beginning and experienced investors Join Michael’s Property Update private Facebook group by clicking here Pete Wargent’s new Podcast Shownotes plus more here: Property forecasts and trends for 2022, with Pete Wargent Some of our favourite quotes from the show: “Most investors get it wrong because they come in at the end of the cycle when they’ve heard in the media that auction clearance rates are high and property values are high and now rentals are going up.” – Michael Yardney “Neither APRA nor the Reserve Bank want the property markets to crash.” – Michael Yardney “In my mind, property investment is a high-growth, relatively low-yield investment.” – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

49mins

12 Jan 2022

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September Big Picture Podcast with Pete Wargent

The Michael Yardney Podcast | Property Investment, Success & Money

Australia’s economy and our property markets don’t operate in isolation, so I believe it’s good to regularly have a look at the big picture, the macroeconomic factors affecting not just Australia’s economy, but the world economy to help us understand what’s ahead for us, and I do this once a month in these Big Picture Podcasts with Pete Wargent. Since our chat last month Australia’s circumstances have rapidly evolved so we’ve got a lot to discuss this month. And today after my chat with Pete, I’ll share my mindset message with you. The Big Picture in September We’re in unfamiliar territory. A lot remains unknown about what life will look like on the other side of our lockdowns. This time around it looks like we’re not exiting into a COVID-zero world so we don’t know what that really means; how households will spend their money, how many businesses will close, what mobility will look like. Basically, we’re in uncharted waters. Yet despite what is now 3 months of lockdown in Sydney and Melbourne in lockdown number 6 – in fact with more Australians in lockdown than are not – our real estate markets are still in good shape. Of course, there are concerns that as restrictions drag on, they will weigh down on the housing market and household financial situations. But so far there are very few signs of housing distress when compared to last year: loan deferrals are at a fraction of the first lockdown, property price discounting is minimal and there is a relatively low number of distressed sales. In fact, property values increased in all our capital cities over the months of lockdown. There seems to be a recognition that the lockdown doesn’t go on forever, and that once the vaccination rate gets past a critical number our economy will re-open. There seems to be less fear around losing jobs and greater confidence that house prices can be resilient, and, on balance, our property markets are holding up much better than they did last year. Some of the topics I discuss with Pete: What it’s like to live in a place that’s not in lockdown How Australia side-stepped a recession The shape of the recovery The effect of extended lockdowns on the economy How vaccination increases and restriction increases will boost the economy The Reserve Bank’s vision of an economic rebound The fall in job ads and the number of Australians working multiple jobs The current unemployment levels and what’s projected to happen to them The reduction of Australian credit card debt The increase in Australian savings The current activity in home loans The fact that property prices have been largely unaffected by the pandemic, lockdowns, and restrictions Resources: Michael Yardney Metropole’s Strategic Property Plan – to help both beginning and experienced investors Gets your bundle of eBooks and reports here: www.PodcastBonus.com.au Join Michael’s Property Update private Facebook group by clicking here Pete WargentNext Level Wealth Pete Wargent’s new book Low Rates High Returns Shownotes plus more here: September Big Picture Podcast with Pete Wargent Some of our favourite quotes from the show: “As we entered these lockdowns many households had a stronger financial balance sheet and the housing market was at an all-time high, so Australia’s wealth was high.” – Michael Yardney “Just by the skin of the teeth, we dodged what could have been a double-dip recession.” – Michael Yardney “You’ve won the lottery by being born at this time.” – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

35mins

22 Sep 2021

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Harry Dent says Australia’s property bubble will burst, but Pete Wargent bursts his bubble

The Michael Yardney Podcast | Property Investment, Success & Money

Are we heading for the biggest crash since the Great Depression? Is it just around the corner? Well according to Harry Dent, we are and it is. He is telling anyone who is prepared to listen that we are heading for a stock market crash, and the value of your house will drop by up to 40%. Today I to chat with economist Harry Dent about his views, and then Pete Wargent and I give you our thoughts on what’s ahead. Now a word of warning before we get into the interview,  especially for the faint hearted. There are some scary predictions made by Harry, so please listen to his whole interview and don’t sell up your assets before you have my views and those of Pete Wargent. Subjects I Discussed with Harry Dent Harry is a Harvard MBA graduate, a Fortune 100 consultant, and his demographics-based approach to economic forecasting has helped him correctly predict many major economic events, including Japan’s 1989 economic collapse, the 2000 dot-com bust, and the populist wave enabling Brexit and Donald Trump’s election. Harry believes that an economic winter is coming that will be worse than the Great Depression. He believes that the governments are using stimulus to keep economies alive, and that this is bound to not end well. Harry’s biggest surprise about COVID was how much the governments stepped up and created stimulus. He believes that the biggest sign of problems in the US is that the home sales are going down while housing prices go up. He believes that rates are artificially low because governments are printing money out of nowhere and using it to do things like buy bonds. His line in the sand is 2022, which is when he believes the lowest point will occur. Harry says that hitting the limits wall cause the bubble to explode. He says that China has the biggest bubble, and because they’re Australia’s biggest export, their bubble bursting will hurt Australia. Harry believes that Australians who think he doesn’t understand Australia’s markets just don’t understand the world. He would advise people to reassess their assets and sell what they don’t need. Harry explains that the upside of a burst bubble is that it will get rid of bad companies being artificially propped up and make way for new ones. Harry also discusses how he would explain his views to someone who visited his seminars and did what he suggested years ago but didn’t see it work out for them. Bursting the Bubble with Pete Wargent According to Pete Wargent, we’re not in a bubble, and there isn’t necessarily a big explosion coming Australia is seeing record-low mortgage rates A typical response to low mortgage rates is more people getting into the housing game. More people getting into the housing game is basically what is happening right now. The current housing market is underpinned more by owner-occupiers than investors This makes a bubble less likely. Australia’s government has been prudent, and there are not high levels of government debt. What’s more, the interest rates are low. Australia’s banking system is sound. The majority of the debt is in the hands of people who have the means to service it. Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Harry Dent’s newsletter: www.HarryDent.com Pete WargentNext Level Wealth Pete Wargent’s new book Low Rates High Returns Shownotes plus more here: Harry Dent says Australia’s property bubble will burst, but Pete Wargent bursts his bubble Some of our favourite quotes from the show: “As an investor, I believe it’s important to listen to others views.” – Michael Yardney “In my mind, a bubble is an economic cycle characterized by a rapid escalation in asset values, then it’s followed by contraction.” – Michael Yardney “From what I can see, the debt that’s out there is in the hands of people who can manage it.” – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

58mins

4 Aug 2021

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The Big Picture |Economic & property trends you must understand – July. With Pete Wargent

The Michael Yardney Podcast | Property Investment, Success & Money

We’re well into the second half of 2021 now so it’s a good time to reflect back on the year so far and then look forwards to what’s ahead. Property values across our capital cities have experienced double-digit growth already this year. And despite the Covid concerns we’re experiencing, there’s plenty more growth to come. Clearly, buyers are still out in force – owner-occupiers, investors, and first home buyers – at a time when available supply is struggling to keep up, keeping pushes prices higher. While much of the commentary is about the micro factors – what’s happening on the ground in our property markets – I like to regularly get together with property commentator Pete Wargent in these Big Picture podcasts to look at the macroeconomic factors affecting our economy and the property markets to help give you some more clarity about what the future holds so you can make better investment and business decisions. Since we spoke last month Australia’s economic recovery has continued to unfold, more jobs have been created and our property markets keep surging. Australia’s Property markets All our capital cities have already experienced double-digit growth this year other than Perth. Homebuyers and property investors who took a long-term view have already enjoyed significant capital growth. The higher-end, more expensive end of the market is outperforming the cheaper end. Investors are back in the market. The pace of growth will slow but property values are likely to increase another 10% this calendar year. Rental growth is slowly starting to pick up as vacancy rates fall. Australia's households just keep getting richer. Australian household wealth grew more in the last year than it did during the preceding three years combined. Much of our wealth is due to ownership of property A new report from Credit Suisse estimates as many as 1.8 million Australians are millionaires today based on net household wealth (defined as the value of financial and real assets minus debts). And over 3 million Australian adults could soon be millionaires, according to the report. A lot has to do with property and super The RBA and interest rates Governor Philip Lowe’s announcement telling us that the economy is doing much better than previously forecast resulted in speculation that an interest rate increase may come sooner than expected Latest housing finance figures The value of new home lending has almost doubled since May last year. New home lending increased by 4.9% from the month prior and a whopping 95.4% or $15.90 billion from May 2020. While the value of owner-occupier lending only saw moderate month-on-month gains, investor lending has gone way up Investor lending has now hit the highest level since June 2015 with $9.13 billion of new loans in May, more than double the value in May last year when COVID was in its early stages. However, the investor surge comes at the cost of first home buyers, with the number of owner-occupier first home buyer loans dropping. While first home buyer numbers are down, the value of first home buyer lending is up, reflecting Australia’s rising property prices. Jobs The jobless rate has fallen to its pre-pandemic level of 5.1 percent after the creation of 115,000 jobs in May. The underutilization rate is the lowest since February 2013. With international borders shutting out foreign labor and fuelling skills shortages in some industries, job ads at a 12-year high, and jobs vacancies soaring, the local labor market could reach full employment sooner than expected. Population Australia's population increased by 136,300 people in 2020. This was the slowest population growth since ABS records began in 1982. There were 294,400 babies born in Australia last year, the fewest births in 13 years. And there were 161,400 deaths in the past year down by 3.4% over the previous year. Over the next 40 years, Australia’s population is expected to age and become smaller than expected. Resources: Michael Yardney Metropole’s Strategic Property Plan – to help both beginning and experienced investors Get your bundle of eBooks and reports here: www.PodcastBonus.com.au Join Michael’s Property Update private Facebook group by clicking here Pete WargentNext Level Wealth Pete Wargent’s new book Low Rates High Returns Shownotes plus more here: The Big Picture | Economic & property trends you must understand – July. With Pete Wargent Some of our favourite quotes from the show: “The markets turned in October last year, and they’ve gone gangbusters ever since.” – Michael Yardney “We’ve never had as many first homebuyers, so housing is affordable. Maybe not right in the centre of Sydney or Melbourne, but there are still opportunities.” – Michael Yardney “I can see an employment rate with possibly even a 4 in front of it, moving forward.” – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

40mins

21 Jul 2021

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