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.
Thursday, 23 June 2016
Population growth is accelerating again
On the up
The ABS reported it Demographic Statistics for the final quarter of 2015, which showed population growth accelerating again.
There had previously been a glitch or backlog in the recording of births in New South Wales and Victoria, but this has now been fixed up.
Annual "departures" reached a fresh but expected high of 156,500.
There was a quarterly population increase of +71,300, which was a very strong result for a fourth quarter of the year, and a substantial increase from a revised +66,000 in the prior year.
Previous preliminary estimates for net overseas migration were revised up a little, taking annual net overseas migration up to +177,000, the strongest result in a year.
As a result, annual population growth accelerated again to +326,100 (up from a revised =319,400 in March 2015).
Australia's population was 23,940,300 by the end of 2015, having long since surged well past 24 million.
The female population passed 12 million, but men still have a way to go, needing another 96,300 heads to meet this milestone.
With new relaxed visa rules set to kick from 1 July, it's little surprise that the Department for Immigration and Border Protection (DIBP) forecasts net overseas migration to continue accelerating all the way through to the end of its projected time horizon in 2020.
Overall, the population growth figures at the national level were a bit stronger than expected.
For the really interesting trends you need to drill down a level, with the internal migration statistics showing an enormous record surge of interstate migration towards Melbourne, and to a secondary extent Brisbane.
I'll take a look at those sub-trends next.