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'.

Tuesday, 15 March 2016

NSW leads record new motor sales

Trend high for new motor sales

The ABS Sales of New Motor Vehicles figures for February 2016 showed a seasonally adjusted 97,921 sales for the month, just taking the trend result to an all-time high of 97,996.

In rolling annual terms, new motor vehicle sales also hit a new high of more than 1.16 million.

Sports Utility Vehicles (SUVs) continue to carve up the market with more than 419,000 sales over the year to February, accounting for 36.1 per cent of new vehicle sales.

If there has been talk of a potential economic slowdown, it seems that someone forgot to tell the people of New South Wales where annualised sales have torn 8 per cent higher over the past year to an unprecedented 385,500.

Separate data from the Federal Chamber of Automotive Industries (FCAI) showed that Australian annual automotive production volumes have improved a little of late. 

Unfortunately this rebound won't last as domestic assembly plants are shuttered, a pending blow for the economies of Adelaide and parts of Victoria.