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).

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 is 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 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'.

"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.

Monday, 13 October 2014

Poles apart

One of the most dramatic changes to the Brit population and society in the past 10 years neatly encapsulated in this hospital signage...


Meaning "Living room" in Polish, I think...(and Russian? Not sure about that).

Poland joined the EU on 1 May 2004 and in only ten years and five months since that time hundreds upon hundreds of thousands of Poles have chosen to make Britain their new home. 

And it has not only been Poles who have come, with variously Romanians, Bulgarians, Czechs, Estonians, Latvians, Lithuanians, Slovenians and Slovakians also heading to British shores (I have quite probably missed some other countries, but the theme is Eastern European).

It has been the Polish which have had the biggest impact. 

Interestingly nobody seems to have any real idea of how many Polish migrants there actually are in the United Kingdom.

The numbers are very rubbery, partly because they are based upon small Labour Force or International Passenger Survey samples, and partly because so many migrants come to Britain for seasonal agricultural work (which ebbs and flows wildly) or casual work which goes unrecorded.

Estimates range from 1 million all the way up to 2 million - the 2011 Census figures suggest that the number might be at the bottom of that range today, but at other times of year it has been estimated that there can be "up to one million" more temporary Polish workers in Britain.

I suppose it depends upon which part of Britain you are in. Round here, the high numbers seem quite plausible!