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 pete@allenwargent.com

Saturday, 26 January 2013

Happy Australia Day!

And it looks like being one for share traders too, the Dow making another strong early start to trade as it coasts towards 14,000 points.

January 26 commemorates the date of the arrival of the first fleet at Sydney Cove in 1788, the British proclaiming sovereignty of the eastern seeboard  of New Holland, later to become known as Australia, the southern land.

The fleet actually arrived between 18 and 20 January but spent some time weighing up whether Port Jackson or Botany Bay was more a suitable landing ground.

Although the fleet attempted to leave Botany Bay, strong gales made leaving untenable and so it was that on January 26 Arthur Philip and a few of his marines (leaving 30 or so convicts aboard) rowed ashore and claimed the land for King George III.

It could all have been so different, the first fleet exchanging greetings with La Perouse and his French fleet almost immediately thereafter.

Although Sydneysiders are left with a suburb by the name of La Perouse, fortunately none of us ever have to go there, and even more fortunately there are very few French left in Australia. Oh come on, I'm kidding!

It was some 52 years later in 1840 before the first Wargent made it to Australia, sent from Herefordshire in England to the remote Van Diemen's Land colony (which we know today as Port Arthur in Tasmania) along with 275 other hapless convicts.

The tyranny of distance meant that deportation to an Australian penal colony was an effective life sentence, although whether living as a thief or a drunk in 19th century Herefordshire or as a slave in a Tasmanian prison is a better life is a point open for debate.

Happy to say that there are a few more Wargents around in Australia today, most still located around Tasmania and 'adjacent' (give or take one Bass Strait) Melbourne, although a few have now ventured as far as Sydney.

My own arrival in Australia is recorded on the National Maritime Museum's Welcome Wall at Pyrmont Bay near Darling Harbour in Sydney, curiously my name being etched next to that of all-time football legend Hazem "El Magic" El Masri - the greatest goal-kicker in the history of rugby league and Canterbury Bulldogs veteran.

On the day the wall was etched with my name Hazem told his story of his devout Muslim family's arrival from Lebanon when he was 12 years old. He picked up a football and never looked back.

The tales of family arrivals, the acceptance of a wide range of cultures and the concept of giving everyone a "fair go" regardless of creed and colour is all a part of what makes Australia such a great country today.

I wonder if those few men who rowed ashore to claim the Great Southern Land for Britain could have imagined that one day the remote penal colony of New South Wales would go on to become the best country on earth?

Happy Australia Day!