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.

Monday, 21 April 2014

Easter is over - back to it!

What a cracking Easter weekend of weather we have had!

Been on the south coast for the last few days, enjoying a marvellous break.

Back to Sydney now, though, and raring to go. 

The big news this week will be the inflation data, which will be a key determinant of where interest rates are heading to next, from their currently stimulatory level of 2.50%.

At present the CPI reading is comfortably within the desired 2-3% range at 2.6% year-on-year, suggesting that interest rates may stay on hold for some time.

However, the reading for the last quarter was 0.9% - implying an annualised rate potentially tracking above the targeted range - so an equivalently elevated reading could raise some cause for concern for the Reserve Bank Board and ultimately result in rate hikes.

Always hard to second guess these things, but my money is on a lower print than 0.9%, if not a surprise downward revision for the prior quarter (would be nice!).

Lots more to look forward as well, so see how the week pans out...!