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 pete@allenwargent.com

Saturday, 26 January 2013

A dozen-and-one reasons to be happy this Australia Day weekend

Totally and utterly bored of all the vested interest doom and gloom being pumped out on a day-to-day basis.

Hate to say it but if we think life's tough in Australia compared to elsewhere we are living in cloud-cuckoo land.

So here are just a baker's dozen of the reasons to be happy this Australia Day weekend:

1. Our unemployment rate is still below 5.5% despite all the crap being spouted forth in the media
2. We don't live in the Eurozone
3. Our GDP growth is 3.1% (no recessions here, thanks)
4. Wages are up 11.3% in 3 years
5. Our stock market is flying
6. We don't live in the Eurozone
7. The iron ore spot is up from below $90 to above $145
8. Our property markets didn't collapse - again (how many years have they been predicting that now?)
9. Linc Energy has "$20 trillion of shale oil" to exploit (OK, maybe shift that decimal place along a bit, but still great news)
10. More resources investment ongoing than I have space to list here!
11. Inflation smack bang in the target range of 2-3%
12. If you want one you can find a super-cheap mortgage for ~5-6% per annum
13. You live in Australia.

Sure there will be challenges ahead but sometimes we need to stop and smell the roses instead of talking ourselves into a recession, which plenty of (vested interest) commentators seem hell-bent on doing.

And, by the way, predicting an economic downturn every year for a decade doesn't qualify you as smart as and when we eventually have one.

OK, so he might sing a little too much about St. Kilda and Victoria, but Paul Kelly is a great musician so I'll leave you with one of his finest and most poignant songs.

Enjoy the weekend! ;-)