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.

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Thursday, 27 October 2016

Terms of trade up 7pc since March

Income boost

The ABS reported its International Trade Price Indexes figures for the September 2016 quarter. 

There was a welcome +4.5 per cent boost to the terms of trade in Q3, signalling that the 'income recession' has ended, at least for the time being. 

In fact, this was the biggest lift in the terms of trade in half a decade.

Export prices rose by +3.52 per cent in the quarter, while import prices pulled back by-0.97 per cent. 

The result comes off the back of a similarly strong improvement in Q2, meaning that Australia's terms of trade have improved by ~7 per cent since March.

There is more to come in Q4 as well, with metallurgical coal prices having exploded another +27 per cent higher in October to date to above US$270/tonne.

Australia's coking coal prices have more than tripled since their November low, as China now looks to address its supply cutbacks.