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 pete@allenwargent.com

Tuesday, 9 July 2013

Key data this week to determine direction of rates

Labour force data on Thursday and then housing finance on Friday.

Also keep an eye out for the NAB Business survey today as a guide to confidence.

The next RBA Board meeting and Official Cash Rate announcement will be on August 6.

ASX 30 Day Interbank Cash Rate Futures August 2013 contracts are trading at 97.335 which indicates only around a 4 in 10 expectation of an interest rate decrease to a new record 2.50% at the next meeting.

Key factors in the forthcoming decision will be unemployment figures on Thursday, whether or not the dollar experiences anything resembling a major collapse (currently just back above 91 cents) and of course the inflation data on July 24. All capital city property markets are experiencing rising dwelling prices, but the RBA has suggested that this may be a necessary pre-cursor for construction to pick up.

The yield curve still implies another rate cut by November before the economy begins to pick up again in the second half of 2014 as low interest rates stimulate activity...


Source: ASX