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

Tuesday, 28 May 2013

Pascoe puts the boot in (again)

Michael Pascoe in SMH again today:

"It's no surprise that Australia again tops the OECD happiness survey on objective counts – health, education, economic opportunity and such. It's in the subjective area of happiness and confidence that we drag the chain.

But then consider how small that margin is and how miserable life is right now in most of the OECD and, yes, we don't really appreciate our good fortune.

And that comes back to the old problem of Australians having had it so good for so long that they've lost perspective about the ways of the world in an uncaring universe.

For those at the front line of industries undergoing painful restructuring, the cry “it's never been this tough” is common and indicates either the youth of the person making the statement or their inability to remember very far back.

As we head well into our third decade without a recession, the vast majority of us have forgotten or never knew what one is like.

So we'll keep feeling sorry for ourselves, hankering for an imaginary past of unsustainable boom prior to 2008, and claim to be miserable consumers, when all the while we really wouldn't want to be anywhere else on earth.

This is country so relatively good that people don't even realise it."