Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property buyers & WargentAdvisory (subscription market analysis for institutional clients).
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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, 3 October 2014
A couple of my media pieces from the past week are attached below. Elsewhere I've been doing some exciting work with TalkSport radio in the UK where, in a bid to woo votes, first-time buyers under the age of 40 (ageist?!) may be able to purchase homes at 20 percent under the market rate...if the Conservative Party is re-elected.
There is certainly never a shortage of lively debate when it comes to British politics and housing market policies.
It's hard not to remain a little ambivalent on the interest rates point.
On the one hand it's hard to see the RBA cutting rates again due to fears of property markets overheating. On the other hand we get data sets like the below from AIG today. Given that services is the backbone of Australia's economy, it's a sorry sight to see a reading of only 45.4 (down 4 points) way below the "50" reading which marks the line between contraction and expansion.
Futures markets don't really know what to make of matters either, on balance resulting in a cash rate futures yield curve so flat that it is barely even a curve at all! We could be set for a record level of monetary policy inactivity, perhaps even another 18 months of "on hold" (click to expand).