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

Saturday, 13 July 2013

Another interest rate cut a done deal? Dollar below 90 cents...

72% likelihood priced in already.

We're just a soft inflation print away from a record low interest rate of 2.50%.

It seems that the RBA is fairly relaxed that the housing market won't overheat, in spite of investor activity being close to all-time highs. 

Interest may well be heading lower still.

Currency traders have made their minds up - the Aussie dollar is heading below 90 cents, which is welcome news for many of us.

US stocks are up 3% for the week and the Aussie stock market also anticipates a leg-up, recording 4 straight days of gains.

Interestingly, no major forecasting houses see unemployment rising much above 6.5%. Such a key figure for the health of the Aussie economy.

Much will hang on whether the mining capital expenditure figures plateau or collapse in the coming year or two. Surveys imply there is much to come in the pipeline, but actual figures look to be weakening.

One matter which has seen little mention is that the iron ore price has rebounded up above US$125/tonne. Few expect the price to remain so high, but it's great news for Australia if it can hold up. 

Source: ASX