Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

5 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 finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete 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'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - & author of Things That Make You Go of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Thursday, 9 January 2014

6 interesting charts from the RBA

I won't go overboard on posting from the Reserve Bank's latest Chart Pack but here are six of the more interesting ones.

Housing loan approvals really turning up very sharply. The RBA will be watching this very closely now and may become forced to hike interest rates at least once. 

Housing Loan Approvals graph

It's a mixed story for housing markets, though.

Sydney is looking super-strong, as well as Perth and Melbourne. Adelaide and the regions are pretty much flat in aggregate. Canberra prices may fall this year. Brisbane just starting to wake up. 

Dwelling Prices graph

Homeowners appear to be well on top their repayments, however, with the bank's loan books in good shape according to APRA's figures.

Banks' Non-performing Assets – Domestic Operations graph

Share markets around the world are also heading up strongly as we move in 2014, and Australia is no exception.

Australian and World Share Price Indices graph

The net effect of strongly appreciating property prices and recovering share markets is that Australian household wealth is also on the way back up, although with super funds having been hit hard in the financial crisis, we still are quite some way short of being back to the pre-crisis levels.

Household Wealth and Liabilities graph

And, perhaps one of the most important charts of all for Australia's economy, here is what is happening to growth in China (may have stabilised at above 7%) and India (volatile, but picking up).

GDP Growth – China and India graph