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, 4 April 2014

Shock and ore!

Flippin' eck, what an increase in Port Hedland iron ore exports this month.

Export volumes jumped by a colossal 27%, crushing the all-time record set in January by some 17%.

A huge result.



Source: via David Scutt, ABAL

Of the total exports of a massive 34 million tonnes, 27 million tonnes went to China, 2 million tonnes to Japan and more than 4 million tonnes to Korea.

Of course, if you've ever been up to the Pilbara you'll know that there is not only iron ore up in that part of the world.

Total exports to China from the port - including chromite ore, copper concentrates, manganese ore, salt and iron ore - were all the way up to 27.41m tonnes in March (February's figure was 21.45m).

At the risk of stating the obvious, Australia's mining and commodities boom is not over, it is just moving into the production phase. 

Another welcome boost to the GDP results ahead. 

By the way, an increase in exports does not make Port Hedland a good place to speculate in property!