Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory, 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

Thursday, 3 May 2012

That pesky Aussie dollar refuses to go down!

Even after the Reserve Bank waded in with a super-size 50 point interest rate cut on , the dollar is still buying well over 103 US cents.

Just to put that in perspective, back in the depths of the financial crisis, the Aussie dollar bought just 60 US cents (holidays for Aussies have become a whole lot cheaper - not so good for tourists coming Down Under, but!).

Why hasn't it shifted? The main reason is that even by cutting rates by half of one percent, the Aussie cash rate of 3.75% is still way higher than in other developed nations, who are nearly all at crisis levels of 1% or lower.

To some extent, the currency markets must have expected at least one interest rate cut in May or June too.

Banks reaction has been tight, but unsurprising - National Australia Bank (NAB) only passed on a cut in their standard variable rate home loans of 0.32%.  Nice work if you can get it.


Hoping for a very important win for the Lilywhites versus Bolton tonight...COYS!