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

Thursday, 17 January 2013

Unemployment bang on expectations at 5.4%

Unemployment back to 5.4% - and in fact the November figure (which seemed a little odd at the time) was revised back up to 5.4% too.

Share markets jumped at the prospect of an interest rate to 2.75% cut by almost 0.4%; Aussie shares are now at a 19 month high.

The futures markets rate a rate cut in February as 41% likely. The odds of rates being dropped at one of the next two meetings seem to be "more likely than not".

There is a decent argument to say with participation rates struggling to 'get up' and the headline unemployment rate back at 5.4% that the trend is an upwards one.

Aussie dollar ticked down on the news.

From the ABS:

Graph: Unemployment Rate

  • Employment increased to 11,541,500.
  • Unemployment increased to 653,800.
  • Unemployment rate steady at 5.4% from a revised November 2012 estimate.
  • Participation rate steady at 65.1%.
  • Aggregate monthly hours worked increased to 1,622.9 million hours.