Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

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'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Wednesday, 10 February 2016


A brief sift through the internet suggests that over recent years consumer confidence in Australia has been stuck, weighed down, sapped, set to fall, retraced, faded, fallen, fallen again, dropped, dropped sharply, plummeted, and crashed.

"Plummets" and "crashes" have been particular favourites - if I could be bothered I'd draw up a chart.

In fact, Westpac's Consumer Sentiment Index shows that consumer confidence is neither higher nor lower than the long run average. 

Well, maybe it's a smidgeon higher. 

But basically average.