Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory & buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.

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.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email

Friday, 19 August 2016

Earnings up in the Top End

Average earnings

The ABS Average Weekly Earnings figures revealed relatively soft growth in average male earnings over the year to May, between 1 and 2 per cent depending upon your employment status. 

Average earnings growth for females has been significantly stronger, particularly for full time employees, with +3.4 per cent year-on-year growth in ordinary time earnings, and +3.3 per cent growth in total average earnings.

Looking around the states and territories, the highest average weekly full time total earnings are still to be found in Western Australia, and the lowest in Tasmania. 

Somewhat surprisingly, the Northern Territory has seen earnings on this metric rip +6.9 per cent higher since May 2015.

Presumably this increase relates to the construction phase of the massive US$34 billion Ichthys LNG project.

Steadier growth elsewhere around the traps.