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.

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Wednesday, 10 July 2013

China growth slows to 7.7%

From Business Spectator:

"China's trade surplus widened less than expected in June, according to official statistics.
In June, China's trade surplus came in at $US27.12 billion ($A29.85 billion), after a May result of $US20.43 billion.
Bloomberg analysts forecast a trade surplus of $US27.8 billion.
Exports in the month decreased by 3.1 per cent, against expectations of a 3.7 per cent rise.
Imports shrank by 0.7 per cent, well below expectations of a six per cent increase.
Customs spokesman Zheng Yuesheng says China's foreign trade is "facing grave challenges".
The main cause was "prolonged sluggish foreign demand", followed by rising export prices in foreign currency terms, labour costs, and a deteriorating trade environment due to rising trade disputes, he said.
But the trade surplus for the first six months of 2013 was substantially higher than the same period last year, the statistics showed, up 58.5 per cent to $US107.95 billion.
First half exports rose 10.4 per cent to $US1.05 trillion and imports increased 6.7 per cent to $US944.87 billion.
Mr Zheng said the factors bedevilling China's trade situation are likely to linger over the short term."
Futures markets are now pricing in an August interest rate cut as 62% likely.