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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Wednesday, 1 February 2017

Record high NZ immigration in 2016


Immigration into New Zealand is not slowing as forecast.

In fact, the annual net gain of migrants zoomed to a record high 70,600 in 2016.

In recent times there have a been a fair number of Kiwis returning home from Australia post-mining boom, but this Trans-Tasman trend now appears to be topping out.

The big gains in 2016 were driven by Chinese migrants, of course, and particularly South Africans seeking citizenship. 

Netting off those moving in the other direction across the Tasman, there was a net inward migration of 1,563 person from Australia in 2016, the total inching down a bit from previous months.

Over the past six years, Australia has seen a net inbound gain from NZ of more than 115,000 heads. 

The recent shift has in part been driven by the slack in inherent in Australia's labour force after the resources construction boom peaked in 2012. 

Don't be too tempted to get sucked into the meme that Aussies moving to New Zealand in droves, though. 

Hardly. In fact there are now more than 677,000 New Zealanders in Australia on temporary visas, another substantial year-on-year increase with Kiwis now accounting for more than a third of the 1.96 million temporary visa holders Down Under in Australia.

Just to clarify, including temporary visa holders there was a flow of 14,000 persons from NZ to Australia.