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 of the world's most popular & widely-read financial publications.

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

Sunday, 7 December 2014

Record Low for Smokes

The population of Australia is increasing at close to 400,000 persons per year lately.

Generally, consumption of goods is therefore expected to increase.

But here is one bright spot for the "health" of the economy: the National Accounts showed that cigarette and tobacco consumption continued to fall to its lowest ever level across the entire ABS data series which runs from 1959,

The Tobacco Plain Packaging Act 2011, which received Royal Assent in late 2011, required that all tobacco products sold in Australia be sold in plain packaging from 1 December 2012, an important stand against the tobacco companies being taken by the Gillard government.

Whether due to plain packaging or other awareness, something is working, with consumption in chain volume measures terms declining by another 2.2 percent in the third quarter to be down by more than 8 percent over the past year.

Seasonally adjusted quarterly expenditure has fallen to below $3500 million from the heady peaks of above $8300 million in smoking's heyday of 1975. 

A colossal decline since that time, but still some way to go...