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
Episode 49: A black swan event - with Pete Wargent
The Property Diaries
Cate caught a glimpse of a fabulous blog of Pete's on his blogspot page... a sensible reminder to investors to consider a "black swan event". It caught her eye because it's a timely reminder that things *can* go wrong; and we all need to make sure we are prepared. As Investopedia explains: "What Is a Black Swan?..A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterised by their extreme rarity, severe impact, and the widespread insistence they were obvious in hindsight.A black swan is an extremely rare event with severe consequences. It cannot be predicted beforehand, though after the fact, many falsely claim it should have been predictable.Black swan events can cause catastrophic damage to an economy by negatively impacting markets and investments, but even the use of robust modelling cannot prevent a black swan event.Reliance on standard forecasting tools can both fail to predict and potentially increase vulnerability to black swans by propagating risk and offering false security."Pete and Cate met back in 2017 and they have shared interviews, articles, webinars and budget nights, to name a few economist/geeky moments.Their love of the Australian property market, combined wth their affinity for investment principles has helped them become firm friends and industry colleagues. Pete runs a fabulous daily blogspot, in addition to a Brisbane-based buyer's agency business. The pair swap insights and opinions on a regular basis.
The 3 big lessons I learned from successful investors at Wealth Retreat Summer Series with Pete Wargent
The Michael Yardney Podcast | Property Investment, Success & Money
While you’re listening to this podcast, my wife and I are away on our vacation. Unfortunately due to Covid, it’s not the extended overseas trip we usually take at this time of the year, but we are able to take a number of breaks each year because we’ve built a substantial property portfolio that gives us the lifestyle we enjoy. I’m not showing off. What I’m suggesting is you should also build a substantial asset base to give you choices in life. How are you going to do that? How are you going to be different from all those investors who don’t get past their first or second property? The answer is to learn from those who have already succeeded – who’ve achieved what you want to achieve. That’s what Pete Wargent and I are going to talk about in today’s show. As part of our summer series, I’m replaying the show it was it first published about a year ago where Pete tells us what he learned from successful investors when he attended Wealth retreat. I’ll also share something special in today’s mindset moment. Wealth Retreat Pete Wargent is one of the regular presenters at Wealth Retreat. But he attends to learn as well as present. Today he’s going to share some of the tips he learned at last year’s Wealth Retreat. There’s not one property market There are multiple property markets around Australia all at different stages of their own cycle. In a boom, everything sells. But when a downturn comes, you can see how much better well-appointed properties hold their value. That’s why you need a tried and tested formula and an investment strategy that always works, not one that only works right now. If you want to grow your business, you need a business coach You never know which nuggets of advice are going to make all the difference. Even if you’re already successful in your own right, you can still use advice from other successful people. It helps to have someone to hold you accountable. The power of networking The most successful people always have the most powerful networks, so anything that you can do to build a network of successful, like-minded, and powerful people can only help. But there’s only so much time in your life to make connections, so an event like the Wealth Retreat is a perfect opportunity to meet with the right sort of people. Links and Resources: Michael Yardney Metropole Property Strategists Pete Wargent Join us at Wealth Retreat 2021 in June 2020 – read all about it here now and express your interest Some of our favourite quotes from the show: “It’s isolating, it’s hard on your own and you need a tribe around you. But you need the right people.” –Michael Yardney “Why not, while you are an employee, set up your own business on the side.” – Michael Yardney “Failure is never permanent. That sinking feeling that you’ve got, that will never last forever.” – 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
Here’s what the next 12 months have in store for our economy and property with Pete Wargent
The Michael Yardney Podcast | Property Investment, Success & Money
2020 didn’t exactly turn out the way I or anyone expected at the beginning of the year. Just as the bushfires were receding, we started to learn about this virus in China that eventually made its way to our shores. The pandemic caused massive health issues in Australia and around the world. Many countries, including ours, have had two waves of Coronavirus. It kept many of us confined to our homes, it shut down major parts of our economy, and many major economies have seen falls of the GDP of 10% to 20%. Australia did pretty well, comparatively, but we also saw a surge in our unemployment, and we saw inflation plunge. But we got through it much faster than most expected, and while we’re officially out of the recession, we’re not out of the woods just yet. So today, I’d like to discuss some lessons from last year and see how they’re going to affect our economy and property markets this year with leading commentator Pete Wargent. Some lessons from last year that will affect this year: The world economy is going to look very different moving forward. There’s going to be a bumpy and slow recovery in Europe and the United States There will be a lot more trade tensions in the years ahead The pandemic increased tensions in China There are a lot of challenges still to go in the U.S. They will probably have a bumpy recovery In Australia, the Reserve Bank has stated they won’t increase the cash rate for at least three years. The cash rate has a direct impact on mortgages, so this is important for property Established and first home buyers are back in the market Immigration has taken a hit, with mixed results Some Australians are returning home An oversupply of new apartments is less likely to be an issue Technology is being embraced faster and is making people more productive Debt is cheaper than it’s ever been Changes to stamp duty will impact our property markets Strategic investors were protected from the ups and downs of 2020 by: Owning the best assets Having financial buffers in places Setting up the right ownership structures Having insurance Obtaining holistic advice We discuss why people want to hear negative forecasts You need recessions and downturns to test resilience Predictions for 2021: 8% to 12% price increases for Sydney and Melbourne The increase will affect houses more than units Brisbane will see 6% to 10% or more Perth might experience a rebound as well Links and Resources: Metropole’s Strategic Property Plan – to help both beginning and experienced investors Pete Wargent Next Level Wealth Pete Wargent’s new book Low Rates High Returns Shownotes plus more here: Here’s what the next 12 months have in store for our economy and property with Pete Wargent Some of our favourite quotes from the show: “I think one of the effects of COVID is that inflation around the world is going to remain weak.” – Michael Yardney “There isn’t the large construction pipeline with lots of new dwellings coming there, so I can’t see an oversupply looming in our big cities.” – Michael Yardney “I slept much better because I actually had set myself up by expecting the worst, and being prepared for the worst, I guess, but looking forward to the best.” – 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
How are you going to protect and invest your hard earned money moving forward? What does the future hold? Listen to this episode now and subscribe via Apple Podcasts, Spotify, PlayerFM, search Google Podcasts. To give you a clearer picture on what is likely to happen as we emerge from the global pandemic, I’m joined this week by Get Invested regular Pete Wargent – one of Australia’s top investment experts and the best person I know fully understands the global scene and appreciates the machinations of the economy, the share market and property markets – a very rare combination. When Pete talks, I listen – his independent, objective and forward looking insights are second to none. Now, if you want to find out if property is for you or how do to property and your finance better, because property really is a game of finance, so that you can protect and optimise your situation in the times ahead, join me on one of my regular Freedom Flight live zoom sessions where I summarise all of the gold from my step by step guide to financial freedom detailed in my book The Freedom Formula – just click here https://knowhowproperty.com.au/freedom-fighters to book in a time that suits you and I look forward to talking with you personally. The ‘Why invest?’ sessions are live and free, they are intimate and interactive – it’s about giving you inspiration and information without pressure so you can decide what the best way forward is for you. And if you’re already on the hunt for good property opportunities, head across to Pete Wargent’s Buyers Buyers site at www.buyersbuyers.com.au. Not only will you get free access to property reports on properties right across the country, but you’ll also be able to tap into an affordable panel of buyers agents that gives you access to find and negotiate the purchase of every property and every suburb in the country. Listen to this episode now and subscribe via Apple Podcasts, Spotify, PlayerFM, search Google Podcasts or the player below. Get Invested is the podcast dedicated to time poor professionals who want to work less and live more. Join Bushy Martin, one of Australia’s top 10 property specialists, as he and his influential guests share know-how on the ways investing in property can unlock the life you always dreamed about and secure your financial future. Remember to subscribe on your favourite podcast player, and if you’re enjoying the show please leave us a review. Find out more about Get Invested here Want to connect with Bushy? Get in touch here Podcast produced by Apiro The post 142. Pete Wargent on our investment future appeared first on Bushy Martin.
What's the data telling us about the Australian Property Market with Pete Wargent - Episode 167
Pete Wargent is a property investment expert. He is a buyer's advocate and does various bits and pieces within the property space. Pete's background is as a chartered accountant. The content he produces on property investment tends to be very analytical and data driven. So I've invited him along to get his insight as to what he is seeing in the data at the moment in the property space. He's got some unique insights here and some great tips that I think you'll get a lot out of. Regular listeners will know we've got the Financial Autonomy framework which we go through in the Financial Autonomy book. There's the three pathways, there's investing in shares or stocks, investing in property and self-employment. The other element I really appreciated in Pete's story is his application of the three pathways to achieving Financial Autonomy. As a guest, I think he is a fantastic illustration of what I'm trying to explore through the Financial Autonomy podcast for almost three years now. We have really useful and practical information from someone who's done it, who's built wealth and who has gained choice. Disclaimer
In this episode, we discuss - Covid impacts on property market, Covid impact on rental market, Pete's property portfolio, Shares or property when starting out your investment journey, Commercial property and how will it be impacted, Banking sector and some of the recent headlines that impacts property investors, & lot more unpacked! DISCLAIMER: Host/Guest are not Financial Adviser/Investment Consultant. All opinions expressed by host or his guests are for informational purposes only and should not be treated as investment/financial advice of any kind. "Spark your FIRE" and its team are not liable to the listeners or any other party, for the listeners use of, or reliance on, any information received, directly or indirectly, from the content in any circumstances. Please conduct your own research and obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this audio. Contact - email@example.com #Property portfolio #Wealth creation #Investment savvy #Mortgage brokers #Homeloans #Construction loans #PPOR #Off the plan #Land bank #Investment loan #Investment property #Off market properties #Property cycles #Real estate #Property development #Australian property #Australian investing #Oz property #Oz realestate #Australian realestate #Rentvesting #Property portfolio #Investors #Investor stories #Teamwork #BuyersAgent #Tax Accountant #Asset VS Cash #Geelong property #Logan property #First home buyer #Adelaide property market #Frankston property #Vacant land #Assessment rate #PPOR #Debt recycling #GFC #Property deal analysis #AI #Aliens #Value investing# Student accomodation #Renovations #Investors podcast
Episode 5 - Pete Wargent - Commercial property, housing, and IMF downgrades
The BIP Show
Pete Wargent is one of Australia's foremost property commentators. A Chartered Accountant by training, Pete is one of the keenest and most even-handed commentators on residential and commercial property in the country. He joins Ken Veksler, James Whelan, and Paul Colgan to talk about the outlook for property -- how commercial property is being affected by the lockdowns, how new ways of working might affect how cities work, and the outlook for house prices.Support this show http://supporter.acast.com/the-bip-show. See acast.com/privacy for privacy and opt-out information.
What will our economy look like after the Coronavirus led recession - with Pete Wargent
The Michael Yardney Podcast | Property Investment, Success & Money
With so much uncertainty around us, we’re even more keen to get a level of certainty. But let’s be honest, we’re pretty terrible at working out what’s going to happen in the future. When the future doesn’t cooperate, we spend even more time trying to change the next bit of the future so it winds up more like what we were hoping for. But no matter what you do and how stressed you get; the future is going to take care of itself. Having said that, I am going to spend a little time trying to predict the future with Pete Wargent today. But I want to go beyond the recession we’re going to have and take a look at what life might be like after the recession. Clearly the past couple of months have been a period of immense uncertainty. And despite the actions of governments and banks, 2020 is now expected to see a sharp decline in GDP. The world is going to go into recession. Australia is going to go into recession. But at some point, we’re going to cross that bridge, the virus will be under control, and things will go back to normal. But what will normal look like? Will it be the same, or will it be different? That’s what Pete Wargent and I will discuss today. Some of the topics we discuss: We might be able to start easing restrictions sooner than we’d feared. Any way you look at it, we can expect low-interest rates for a long time to come. The low rates won’t apply to every product, but new borrowers will see the lowest mortgage rates they’ve ever seen. Governments all over the world are piling on new debt. Australia is now borrowing at the lowest rates in history and we’re relatively well-placed. Once we cross the bridge, the government will have to do other things to get the economy moving again. The government will need to create jobs, infrastructure projects, healthcare projects. Some people will probably need to stay in the workforce for longer. The government is hoping this will be a business-led recovery, and that the budget will be balanced just by getting the economy moving again. The media has changed. People are turning to different sources. There are fewer hard-copy publications and more internet sources. Retail is going to be different. We were moving to online retail anyway, but this will speed up the transition. Tourism is changing. There are going to be fewer departures, more staycations, and holidays at home. Resources and commodities may go through a boom. People are going to be working from home more. This may lead to a change in the type of properties they want to live in. People will want more spacious properties with room to work. Links and Resources: Michael Yardney Pete WargentNext Level Wealth Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Join us at Wealth Retreat 2020 in October –find out more here Pete Wargent’s new book Low Rates High Returns Shownotes plus more here: What will our economy look like after the Coronavirus led recession - with Pete Wargent Some of our favourite quotes from the show: “There are always opportunities that occur during a downturn.” – Michael Yardney “I think we’ve also changed who we trust when it comes to looking for relevant, for factual information. We’re going to different sources.” – Michael Yardney “The trend of living in big cities is going to continue, but maybe the sort of properties we’re going to live in will be a bit different.” – 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
Australian property in 2020: the data & insights with Pete Wargent
Australian Investors Podcast
With everything that’s gone on in markets in 2020, we figured it would be a good change of tact to spend a week focused on property markets, including what we know so far and what comes next. Economist, investor and author Pete Wargent joins Owen for this episode to talk about the implications for renters, landlords, owners and investors. This is a unique episode because Pete shares some of his data and analysis with us via video. You don’t need to watch the video version of this podcast but if you want to see what Pete and Owen are talking about and the charts he is using, you’ll find the YouTube link in your podcast player. All show notes are also available, including links to Pete and Stephen’s new book below. We hope you enjoy this episode of The Australian Investors Podcast.All show notes & resources: https://bit.ly/2Wxz1Pz |The information in this podcast is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice.