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).

4 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 better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent 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'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Monday, 30 May 2016

Jobs ads trickle higher

Jobs ads levitate

The Department of Employment job advertisements series showed a solid +2.8 per cent increase in April 2016.

In trend terms, vacancies have improved by 5.9 per cent in the year to April 2016.



Trend vacancies are now 18 per cent higher than at the October 2013 low point.

Although things are moving steadily in the right direction, seen in the broader context the recovery in the labour market has been a slow process. 



The recovery has been driven by New South Wales, where vacancies have jumped to 65,810 to be 13.6 per cent higher than a year ago, and Victoria, where 45,044 vacancies represent an 8.3 per cent year-on-year improvement.

At the other end of the spectrum, vacancies have declined by 16.1 per cent in Western Australia. 


Source: Department of Employment