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, 14 December 2016

New motor sales falter from record

New Motor Vehicle Sales have ticked back a little from record highs, with a seasonally adjusted 97,055 units shifted in November. 

It looks as though the annual number of sales will struggle to rise past the record high of 1.17 million.

The main reason for this is that Sydney has been driving the boom, but it looks as though the record annual total of 396,242 set last month may be as high as New South Wales can go for now. 

With the strongest population growth, Melbourne looks to be picking up the mantle as the main driver of growth in new car sales. 

Sport Utility Vehicles continue to carve up the market with some 441,000 sales of the past year, comfortably a record. 

The other side to this story is that new motor vehicles in the future will be imported, since domestic production is dying. 

Monthly production volumes plunged to just 11,543 in November, which 42 per cent lower than the equivalent figure in November 2011.

Holden has wound up its production in Victoria and Elizabeth in Adelaide, while Ford has also shuttered its plant in Geelong.

Accordingly, the struggles for some of Australia's manufacturing industries and centres are ongoing, despite the lower dollar.