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'.

Monday, 11 April 2016

NSW hits highest job vacancies on record

Job vacancies rise strongly

Wrote this days ago and forgot to post it!

Good news as Job Vacancies increased solidly by +2.7 per cent in the February quarter to be up by a strong +13.4 per cent over the year, and to sit a their highest level since August 2012. 

The year-on-year change in job vacancies continues to move in the right direction, increasing by +20,600 from February 2015. 

This potentially upbeat news for employment growth, and should in theory help job seekers to find work, with the number of unemployed persons per vacancy trending down since November 2013.

NSW leads

New South Wales has been the king of employment growth of late, and this looks set to continue as jobs vacancies roared +19 per cent higher since February 2015 to sit at their greatest ever level.

The resources states have a lower volume of vacancies, suggesting more subdued employment growth.

There remains a high volume of vacancies in the retail trade sector, an industry which has experienced burgeoning employment growth over the last year. 

While there are still a fair number of construction industry vacancies around as at Ferbuary 2016, the volume is down from a year ago, suggesting that the residential construction boom is likely to peak imminently. 

New home sales were down by -5.3 per cent in February from a month earlier, which points to a similar story.

The Labour Force figures for March will be released on Thursday, with a small increase in the unemployment rate expected.