Pete Wargent blogspot
Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).
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 finest 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.
Tuesday, 13 December 2016
Return of the rock star!
Rock star NZ returns
Well, fair shake of the sauce bottle mate, the rock star economy has re-entered the building.
Although I must admit I don't spend a lot of my spare time thinking about New Zealand's economy, in the face of weak dairy prices I really hadn't expected to see the NZ's unemployment rate slinking all the way below 5 per cent.
On this metric, NZ still looks to be in better nick than Australia at 5.58 per cent unemployment, as has indeed been the case for some time now.
Migration from Australia to NZ has in turn increased, although the rate of growth is gradually flattening out.
Since January 2010, Australia has seen a net inflow of more than 116,000 Kiwis, but over the last year or two a few New Zealanders have dribbled back again, with Australia's economy and wages growth notably softer post-mining boom.
There are many parallels between Australia and NZ, with growth being driven by Chinese investment and immigration, international students, and rising private debt in the largest cities.
Indeed, Statistics NZ confirmed that net immigration hit a record high in October:
"New Zealand’s unadjusted annual net gain (more arrivals than departures) of migrants was a record 70,300 in the October 2016 year, Statistics New Zealand said today. This surpasses the previous annual record of 70,000 in the September 2016 year."