Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Tuesday, 19 May 2015

Above average confidence bounces to 6 month high

Budget bounce

Well, it appears that Joe Hockey's second federal budget went down rather better that its prior year equivalent, in a sort of "less bad" kind of way.

Consumer confidence jumped by 3.6 per cent to 114.6, which is above the long run average since 1990.

Now it's all down to businesses and households to invest and spend accordingly.

Roll up and read all about it here from Scuttman over at the adroit Business Insider: