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 email@example.com
Wednesday, 3 July 2013
Interest rates heading to record lows
So, the RBA left the official cash rate unchanged at 2.75% yesterday.
But today's data hasn't inspired much confidence, and Stevens noted that the RBA deliberated "long and hard" even about yesterday's decision.
The next RBA Board meeting and Official Cash Rate announcement will be on August 6, and thus it's already looking like a cut is a done deal even at this distance (unless, as noted, for some reason inflation spikes or the Aussie dollar genuinely collapses).
The ASX 30 Day Interbank Cash Rate Futures August 2013 contracts are trading at 97.370
This indicates an interest rate decrease to 2.50% at the next RBA Board meeting on August 6 is more likely than not (a 59% expectation is implied).
The yield curve suggests that the easing cycle might even have further to run that that - we might even see a cash rate of just 2.25% by early 2014...