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

Wednesday, 16 October 2013

Consumer confidence rips up

From Roy Morgan here (Roy Morgan's unemployment rate methodology is a subject for another day!!), smorgasbord of uplifting sentiment news:

Roy Morgan Consumer Confidence Rating - 124.2

Source: Roy Morgan

"The weekly Roy Morgan Consumer Confidence Rating has risen to 124.2 (up 4.4pts in a week since October 5/6, 2013) to the highest level since January 8/9, 2011. The jump was caused by an increase in confidence about all components of the survey.

Now 42% (up 5%) of Australians expect the Australian economy to have ‘good times’ over the next five years compared to 17% (down 2%) that expect ‘bad times’ for the Australian economy.

Also 37% (up 3%) of Australians expect ‘good times’ economically over the next twelve months compared to 24% (unchanged) that expect ‘bad times’ for the Australian economy.

Australians are more confident about their personal finances compared to this time last year with 33% (up 1%) saying they are ‘better off’ financially than this time last year and 22% (down 2%) saying they are ‘worse off’ financially (the lowest for nearly six years since December 2007).

Also 45% (up 5%) of Australians expect to be ‘better off’ financially this time next year compared to just 12% (unchanged) that expect their family to be ‘worse off’ financially.


An increased majority of Australians (55%, up 4%) say now is a ‘good time to buy’ major household items while just 16% (unchanged) of Australians say now is a ‘bad time to buy’."