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.

Tuesday, 25 March 2014

Stop the moats?


I'm just trying to second-guess what the headlines will be tomorrow when the Aussie press gets hold of the story that Prime Minister Abbott - born in London himself - is to reintroduce Knights and Dames of the Order of Australia.

Whatever next, they will say? 

A return to miles, gallons, pints of mead, shillings and pence? 

The PM to live in a castle to protect himself from trebuchet attacks (or was it mangonels?) launching boiling oil?

How about a Union Jack on the Australian flag and the Queen as head, let's leave that.

Abbott announced that up to four knights and dames will be appointed in any year, including all Governor-Generals, which means that the present GG Quentin Bryce will be the next Aussie Dame.

The categories of Knight and Dame of the Order of Australia were created by the Queen under the Fraser government, but they discontinued just a decade later under Hawke.

The move by Abbott seems to have come as something of a surprise, especially since John Howard was a staunch monarchist himself, yet never followed through with such a move.

There has been widespread speculation that Howard himself is likely to be in a line for a gong.

UK inflation falls

While we're on a Pom-themed post, the UK inflation rate has fallen to just 1.7% announced the Office of National Statistics today.

The trends is sharply down since 2011 (click chart).

This is the second consecutive month that the inflation rate has come in below the 2% target. 

The main drivers were cheaper petrol, clothing and footwear.

Importantly, real wages have come close to no longer falling, and are now falling in real terms at their slowest rate since April 2010. 

Almost there and great to see the global recovery continuing...!

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Source: Markit