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 firstname.lastname@example.org
Monday, 16 January 2012
Population boom-time returneth
With so much talk of an impending property crash, notably from the Lord Chief of Doomsayers, Professor Steven Keen (who has “predicted 6 of the last 2 crashes”) it is often worth reflecting on Australia’s demographics.
ANZ flagged today that the net arrivals from immigration is tracking at around 267,000 for the year, up from 230,000 in the prior year - as quoted on Christopher Joye’s excellent blog which you can read here.
That equates to a population growth of about 1.75% per annum as compared to 1.4% for last year.
Those are serious numbers for a country with a population as small and concentrated as that of Australia - and provide property investors with comfort that provided they are investing in the cities and suburbs where the immigrants are heading, the long term directon of values is north.
Significant immigration and property value growth are often strongly linked.
Currently staying at Beauty Point near Beaconsfield in Tasmania.
Beaconsfield is famous for the earthquake and mine collapse here in 2006.
Of the 17 underground miners, 14 escaped immediately, one died and two were trapped underground for 2 weeks before being rescued. They survived on rainwater that seeped through the rock.
Will check out the museum tomorrow before heading to Launceston.