Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory & buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.

4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email

Friday, 20 January 2012

Drive a car like James Packer...for $20,000.

Great article in today’s Herald Sun on the best car buys for under $20,000.
It’s well known that cars can lose 20-40% of their value the second you drive them of the forecourt.
Statistically, the best buys can be those of cars that are 7-8 years old and with 100,000kms+ on the clock, as they tend to have fully depreciated by that stage.
Herald Sun’s top picks:
Ø  BMW 735li (2002) for $19,500 – price when new $170,000
Ø  Mercedes Benz S320 (2002) for $19,500 – price when new $180,000
Very nice too!

Been in Tasmania for the last week-and-a bit.  It’s a rather lovely place, very old fashioned and quaint.
It can be a bit confusing with all the place names, as they are mainly those of English towns and cities.  Drove to the Bay of Fires from St. Helens today.
The Aboriginal names never stuck here so much as there were only up to 15,000 Aborigines here until British colonisation in 1803.  By 1830, Tasmania being a small island, almost all Aborigines had died from unfamiliar diseases to which they had no immunity.
When I get to Hobart, I hope to look in to why the Wargents ended up in Australia.  William Wargent was one of 276 convicts deported to Tasmania in 1840 on the ship the Asia.
Wargent is a reasonably common name Down Under - not so much in England - as far as I could ever tell anyway.