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

Thursday, 8 August 2013

Best and worst states for employment growth

Over the past 12 months the Aussie economy has added 123,000 jobs.

More than half of those jobs were added in New South Wales, which is great news for that state.

Victoria (+24,100), Queensland (+25,600) and Western Australia (+18,700) all added a moderate number of jobs.

By far and away the worst state was South Australia, which actually lost jobs (-10,200) in the past 12 months in spite of stimulatory monetary policy.

South Australia has easily the highest level of unemployment in the mainland states and this is also being reflected in weak property markets, while NSW goes from strength to strength.

There is always a lot of talk of participation rates whenever unemployment fails to increase as some seem to be hoping happens.

It's mentioned far less often that total employment is expanding rapidly in a growing country like Australia - the economy has added nearly 1 million jobs over the last 6 years.