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.

Thursday, 4 June 2015

Gold Coast

Goldie

Been up on the Gold Coast in Queensland this week.

Partly as I was speaking at a conference, but also managed to sneak in a bit of this...


If you're a bit older than me, you would recall that the golf courses up here were one of the pleasant outcomes from a Japanese fuelled economic and property bubble in the 1980s.

You can read all about it in the book Samurai in the Surf.

The ABS released its latest Overseas Arrivals and Departures figures on Monday this week, and although I am too slothful to go through them all now, you can see that we get far fewer Japanese visitors to these shores today than we once did.



But look what is happening instead!


I note that this data set lags by 5 months.

If my eyes are working correctly, these figures are set to explode higher...much higher.

The picture below, for example, shows the hotel I stayed at this week...


This is just one picture of a thousand I might have taken from around Australia in 2015.

It's big, and it's happening.

I believe that the motivations for Japanese investment in Australia in the 1980s and Chinese investment in Australia today are very different.

Capital flight is a huge driver and motivating force today, and the the population of China is more than ten times the size of that of Japan at around 1.4 billion.

Not a week passes in 2015 without news hitting my inbox of another major Chinese commercial, industrial or agricultural acquisition within Australia.

A huge shift is taking place in Australia, right before our very eyes.

Watch out for the number of Chinese visitors mushrooming further in the years ahead.