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.

Tuesday, 29 April 2014

Retail sales growth at 4 year high

Overnight, it was reported that the economic outlook in Britain is seen to be "exceptionally strong and broad based".

Hopefully so. But what about Australia?

"There is further evidence that the retail sector is strengthening, helped by low interest rates and the lower Australian dollar.
The Australian Food and Grocery Council and pallet and packaging company CHEP expect growth in consumer spending to rise 6.6 per cent in the 12 months to June.
AFGC CHEP Retail Index, was 5.8 per cent higher in March 2014 than it was in March 2013."
Pretty much as you'd expect: monetary policy is working and sprightly retail sales growth across all sectors is following on from the housing market recovery.
"AFGC chief executive Gary Dawson said retail sales growth is at a four-year high.
"Its encouraging that retail performance has improved across all sectors since mid-2013," he said.
The survey's figures reflect the latest retail spending figures from the Australian Bureau of Statistics which had total retail spending up 4.9 per cent in the 12 months to February, seasonally adjusted.
The AFGC/CHEP report said that the only part of the retail sector that is struggling is department stores, which is continuing to lose market share.
The strongest improvement is in household goods, with sales growth of around five per, cent and clothing retail, up seven per cent."