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'.

Wednesday, 2 November 2016

First the Bledisloe Cup, & now this (lowest NZ unemployment rate since 2008)

Rock star economy returns

An excellent result for New Zealand as employment growth (+1.4 per cent in the September quarter) continues to outpace population growth.

The unemployment rate fell to just 4.9 per cent in September, while the June result was also revised down to just 5 per cent. 

That's now the lowest unemployment rate since 2008.

The participation rate is very high and up to a record high of 70.1 per cent, methodology shifts notwithstanding.

Employment was up by +35,000 over the quarter, with Auckland accounting for half of these gains, and by +127,000 over the year.

More than 10,000 jobs per month are being created, which is a record for NZ. 

Obviously strong immigration not a major concern in terms of employment growth then, although wages growth remained subdued at just +0.4 per cent for the quarter.

Thinking of heading over for a visit in April. 

What a ripper result for the Kiwis.