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 finest 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, 27 August 2015

In God we trust, all others must bring data...

Some media releases from the Australian Bureau of Statistics (ABS) - particularly the jobs figures - have been suffering from a credibility deficit.

OK, so smart alec comments from eejits on Twitter don't help the cause much, but there is a serious underlying point here, and that is that the ABS needs adequate funding.


This isn't a swipe at any political party in particular, since both Labor and the Coalition have presided over under-funding the bureau.

Nothing good will come of this, although the Budget should allow for some improvement.

Take this from the ABS last week on the forthcoming 2016 Census:

“The ABS appreciates submissions received from interested parties about the retention of topics and new topics for inclusion in the 2016 and future Censuses,” Mr Kalisch said.

“To maintain important time series information and to ensure the 2016 Census can be delivered within allocated funding, 2016 Census topics will be the same as in the previous two Censuses, with minor changes to enhance some Census questions."

Thanks for your interest one and all, but we don't have the funding to do anything more in-depth.

This is not cool!

Given that crucial policy decisions are made on the back of key ABS figures, the bureau should receive requisite funding.