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 pete@allenwargent.com

Monday, 30 September 2013

RBA: credit growth strengthening


"Total credit provided to the private sector by financial intermediaries grew by 0.3 per cent over August 2013 after increasing by 0.4 per cent over July. Over the year to August, total credit rose by 3.4 per cent.

Housing credit increased by 0.4 per cent over August following an increase of 0.4 per cent over July. Over the year to August, housing credit rose by 4.7 per cent.
Other personal credit increased by 0.2 per cent over August after being unchanged over July. Over the year to August, other personal credit increased by 0.9 per cent.
Business credit rose by 0.2 per cent over August after increasing by 0.4 per cent over July. Over the year to August, business credit rose by 1.4 per cent.
Over the month of August, M3 declined by 0.4 per cent and broad money declined by 0.3 per cent. Over the year to August, broad money grew by 4.9 per cent."
Note the increase in housing credit growth - now at 4.9% y/y and the fastest rate of growth since September 2012. 
Personal credit growth at 0.9% y/y is also the fastest rate of growth since May 2011.