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, 5 September 2016

Jobs ads up 8pc over the year

ANZ: Unemployment to keep falling

Job advertisements continue their long, slow recovery, up by +1.8 per cent in August to be +8 per cent higher over the year.

The trend number of job advertisements has ground gradually higher for the past three years.

This suggests that annual employment growth should track at around 2 per cent - well ahead of the annual rate of population growth - and that the unemployment rate will continue to fall, as it already has from 6.3 per cent to 5.7 per cent. 


ANZ reported that this was an encouraging result, consistent with solid employment growth, declining unemployment, and ongoing strength in business conditions.

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The ABS Business Indicators for the June quarter were released today with surprisingly solid results for company gross operating profits (ex-mining), and for inventories. 

Real sales lifted to +3.5 per cent over the year to June, which is the strongest annual result since the financial crisis.

Inventories will tip in about +0.25ppts to GDP growth in the second quarter, suggesting that we could see a fair headline result for GDP growth. 

On Wednesday the ABS will report that the Australian economy has notched up a remarkable 100 quarters since the last recession.