Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & 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's 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & '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 Hmmm, one of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, 'MacroBusiness'.

Wednesday, 16 July 2014

New car sales by state

Following on from yesterday's post noting a bounce in new car sales in June, I thought it would be interesting to chart the long term new car sales data by state on a rolling 3 monthly basis to see what we can learn from that.

New car sales over the long run might be an interesting combined proxy for consumer confidence and state population growth.

The recovery car sales in June is evident in the data across most states (click chart):


The chart suggests a nice rebound on confidence, with Victoria and New South Wales the standout performers over the period since the global financial crisis (GFC).

Other points of note include the severe initial impact of the GFC and the subsequent rebound upon stimulus of consumer activity.

Perhaps this chart is of more relevance to the larger states than it is to, say, the ACT or Northern Territory.

After all, I don't know of too many people who live in Canberra or Darwin sans wheels, but plenty of people, including me, choose to live in the larger cities while only hiring, renting or car-sharing a vehicle when required.