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).

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.

Friday, 28 February 2014


I like blogging. 

It's fun, an interesting hobby, and it gets a few thoughts out there each day.

But are blogs important?

Greg Jericho aka Grogs Gamut (see my Blogroll) made his case in his book The Rise of the Fifth Estate that social media and blogging has, on the whole, been a positive force. 

And Jericho also acknowledges the nasty tone of so many online comments today.

Certainly, the rise of blogging seems to at times have blurred the lines between traditional journalism and new media outlets.

Of course, opinions, and people having the ability to express them, are always important.

But, during some news events in 2013, we appeared to traverse into a parrallel universe at times, where random Twitter users seemed to think they were more important than journalists - somehow detached, yet an integral part of the event.

A shooting event in the US, in particular springs to mind, where the Twitterati claimed it was "the day mainstream media died".

I thought that was a load of old gonads, to be honest.

Someone still has to be out there, filming the events, interviewing the witnesses, observing developments.

There was a CNN advert sometimes last year which opined that "you can have a thousand online bloggers, but there needs to be a journalist out there reporting the news"...or similar words to that effect.

That rang true.

I sometimes wonder whether bloggers don't have have over-inflated egos and consider themselves to be more important than they actually are.

Sure we all disagree with political or economic policy at times, and we will always debate them. That was always true before online journalism was ever even conceived.

But it almost seems sometimes that people forget that out there in the real world are real people making real decisions, not living in a make-believe world whether everything works smoothly. 

That world doesn't exist.

Say what you like about Glenn Stevens or Alan Joyce (and crumbs, didn't people do just that this week when 'Alan Joyce' was trending on Twitter?), but at least they are out there making the tough decisions, whatever brutal comments the keyboard warriors have to say about them.

Anyway, it's late on Friday night, no idea at all why this came to mind!

Have a great weekend all...


"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. 

The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."

Excerpt from Theodore Roosevelt's speech "Citizenship In A Republic" delivered at the Sorbonne, in Paris, France on 23 April, 1910.