Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory, 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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Monday, 9 January 2017

Pretty good year in the Pilbara

Gotta be big...

Despite the associated negativity notching an all-time high in 2016, in the words of Tori Amos it was a 'pretty good year' for the world's biggest iron ore loading terminal the Port of Port Hedland, which shipped out another 43.94 million tonnes of ore in December.

The December cargo weights were a walloping 17.4 per cent higher than the same month of last year. 

This was by some margin the biggest monthly result on record, and the quarterly figures for iron ore cargo shipped notched a 2.6 per cent increase to some 126.7 million tonnes, potentially boding well for GDP in the fourth quarter. 

Over the year 478.9 million tonnes were shipped, with 85 per cent of the cargo headed for China and Taiwan. 

The amount of iron ore shipped has more than doubled over the last five years, suggesting that reports of the end of the boom were ejaculated rather too early. 

Better still the iron ore price increased by more than 80 per cent last year, helping to return Australia's international trade balance to a comfortable surplus, in turn easing pressure on the AAA-rating.

Because I know you love fun facts, here are a few fun facts from a record year in the Pilbara.

And just because you enjoyed those so much, here are a few more.

Source: Pilbara Ports, Annual Report 2016

Only when the tide is going out can you see 60 million tonnes of cargo...

Source: BHP Billiton