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

Wednesday, 29 August 2012

Might interest rates be cut yet again?

You'd better believe it. Perhaps at least three more times in the next 9 months or so if the futures implied yield curve proves to be accurate.

The futures markets have turned more pessimistic on the global outlook of late, with particular concerns over a possible slowdown in China and impact on commodity prices (and today, a growing feeling that Ben Bernanke is likely to desist from undertaking the so-called 'QE3' quantitative easing campaign in the US).

Of course, I am forever one for noting the fallacy of making predictions, for "forecasting is very difficult. Particularly about the future."

But if I had to guess at a likely course of progress, it would be:
  • The Reserve Bank to hold fire until the next inflation print on 24 October
  • If CPI prints at below 0.6% for the quarter for the trimmed mean and weighted median readings, the cash rate to be cut by 0.25% before Xmas to 3.25%.
There you are: I'll tag the post as a reminder.