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.

Friday, 30 October 2015

2016 the greatest ever for foreign students

Record foreign students

The Department of Immigration and Border Protection released its June 2015 figures for international students, which showed the total number of international students in Australia burning more than 10 per cent higher over the past year, partly in response to the lower Australian dollar. 

At the end of April there were some 422,313 student visa holders in the country. 

What is more, visa applications lodged have also surged by more than 10 per cent, thereby all but ensuring that 2016 will be the greatest ever year for international students in Australia, eclipsing even the great spike of 2008/9.

As for where the visa applications are coming from? The answer is Asia, and increasingly the People's Republic of China. The applications on hand data suggests that we can also expect to see an increase in students from India in 2016.

Second visas

The pace of growth in applications lodged implies that 2016 will see another surge in student numbers to record levels.

It is important to recognise that a large and now increasing number of students go on to apply for second visas and often find a path to Australian residency.

The visa types that students move on to include post study work visas, 457 visas, working holiday visas, permanent points-test visas, and other substantive visas.

Migration experts see this opening up of the higher education field as one of the most production and effective shifts in economic policy in recent times. 

Where to?

With the relaxation of visa rules in the higher education system and a strong push from Universities for greater access to post study work visas, Reserve Bank forecasts show a huge surge in net immigration related to student visas.

The student visa boom is overwhelmingly set to be a capital city phenomenon, and RBA forecasts show a projected jump in the net immigration of students into Sydney, Melbourne, and to a lesser extent Brisbane.