Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & 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's 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & '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 Hmmm, one of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, 'MacroBusiness'.

Thursday, 14 January 2016

12 million

Youth unemployment down

Youth unemployment is an indicator well worth watching, since when the economy begins to turn south it is this most inexperienced sector of the labour market which can be the most vulnerable.

Unemployment in this age range declined from 13.9 per cent to 12.2 per cent in trend terms since one year ago, following another good result in December.

Original employment data

Unsurprisingly there was a plenty of chat today about unreliable seasonal adjustments to the employment figures.

Nothing new there, of course, but I thought I'd post the original data with no seasonal adjustments below, so you can make your own mind up. 

More than 12 million employed for the first time in December. Lovely to see. 


The Housing Finance figures for November 2015 are due out tomorrow. 

The market expects to see a moderate decline at the national level, with investor finance still pulling back following APRA's cooling macroprudential measures.

This week some signs were evident that lenders are beginning to look at enticing investors again.

Suncorp reduced its lending rates, including for investors, while the bank also increased its loan to value ratio for investors from 80 per cent to 90 per cent.