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.

Tuesday, 18 November 2014

Key Commodity Prices!

Coffee Price Trends

I love coffee, a point which is no doubt self-evident from some of my longer and more rabbiting blog entries, and as such I'm always keeping a close eye on the best and worst locations to enjoy a cup.

Favoured spots to enjoy a long black include the cafĂ© in the relatively new wing of the Sydney Opera House which, for some reason, few people yet seem to have discovered.

My favourite type of bean to drink is a black coffee from East Timor, the taste of which I appreciate all the more having done a bit of work on a local plantation owned by a Timorese friend - it's tough work in the heat.

Some years ago I took a full 12 month trip around the Australian mainland and Tasmania, covering some 26,600 miles on the road and sampling coffee shops in most towns around the country, and, being on a budget of sorts, I always kept a keen eye on prices.

While standing to be corrected on this, the most absurd coffee prices always seemed to be found in the Northern Territory. 

Now, it's quite a long way to ship coffee up there, sure. And perhaps everyone just sticks to the stubbies in Darwin and the locals don't care. But whichever way, the coffees were ridiculously expensive in the Top End.

My misery is always compounded by the fact that my missus likes to order anything and everything which adds 50 cents more to the price - decaf/soy milk/large size/latté...that little lot can easily be $8 in the NT.

The only place I found worse than Darwin was the town of Katherine, which is also in the Northern Territory.

Anyway, taking a short break in Britain* at the moment, so was disproportionately happy to find prices up here much more to my liking.

At £1 for a pot or English cuppa and £1.25 for a coffee, these prices are, quite literally, more my cup of tea...


That said, the price of posting a letter here (see above) has gone through the roof since the privatisation of the Royal Mail, with talk of £1 per stamp within a year or two. Luckily, hardly anyone posts letters any more, except for me it seems.

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*photo taken in Spilsby, Lincolnshire - the home town of Sir John Franklin, explorer and discoverer of much of New Holland (Australia) on his voyage of discovery from 1801-1804, later to become Gov'nor of Van Diemen's Land (Tasmania).