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.
Wednesday, 24 June 2015
Record Chinese settlers too
I noted from the latest Overseas Arrivals and Departures figures that there were an astonishing 888,000 Chinese short term arrivals into Australia in the 12 months to March 2015.
What an incredible boom!
There were a further 329,000 visitors from Hong Kong and Taiwan combined too.
Record Chinese settlers
This is instructive, because today's short term visitors may opt to become tomorrow's settlers.
Indeed the March 2015 figures revealed that 1,960 Chinese chose to settle in Australia in the month, the highest figure ever recorded.
Interestingly there were also 1,980 Indian settlers in March, which is very close to the highest ever level for Indian settlers seen in February 2014 at 2,010.
Conversely, fewer and fewer Brits are choosing to settle in Australia, with only 670 settlers in the month, a figure which a thousand miles away (or perhaps one should say ten thousand miles away) from the monthly peak of 2,490 set in October 2008.
Exchange rates have played a key role here, as well as the ebbs, flows and fortunes of the UK economy.
Similarly, the number of New Zealand settlers is in an entrenched downtrend, with monthly settler numbers having approximately halved since the beginning of 2013.
Over the year to March there were 72,380 Asian settlers., nearly 3.5 times the number recorded for the next largest continent, being Oceania (essentially, New Zealanders).
The majority of new settlers are heading to our four largest capital cities, following the employment growth.
Will they increasingly opt for medium-density living too?