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 finest 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.

Monday, 28 April 2014

High disposable incomes - Aussies now #1

What an amazing chart set and what an amazing result for Australia.

Bravo, absolutely fantastic stuff from Bloomberg.

Source: Bloomberg

Giving more

Australia is a country which is fast becoming spoiled for its high incomes.

What would now be really fantastic to see would be Australians embracing charitable giving with the same zeal that America has done previously.

In the past, Aussies have perhaps been seen as poor relations to other countries, but since this is no longer the case, we should now be more generous to less fortunate regions of the world. 

Andrew and Nicola Forrest were the first Aussie billionaires to sign the Giving Pledge.

Other metrics

As for how we fare on other metrics, Bloomberg has Australia ranked as #1 for most organic farmland and #1 for having the highest minimum wage.

We are also ranked at #3 most decadent country, #6 for longest lifespan in the OECD and #7 for highest salaries in the OECD.

Happily we are also only ranked at #50 for unemployment, despite what people would try to have you believe (we'll probably move up a notch to 40-something as the data rolls through to March 2014).

There is one area we need to work on, however, and that is that thanks the widespread availability  and consumption of junk food and increasingly sedentary lifestyles, Australia now ranks #3 for heaviest adult population, behind the US and New Zealand.