Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

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'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Friday, 17 February 2017


More hours wanted

The Australian Bureau of Statistics (ABS) now provides monthly figures on underemployment and underutilisation, which is a useful addition to its Labour Force survey.

Historically these figures have only been reported quarterly.

Being a new data series, there are no seasonally adjusted or trend figures yet available. 

However, one thing that has become clear since the end of the resources construction boom is that in terms of underutilisation Western Australia has gone from star pupil at an underutilisation rate of 11.8 per cent straight to detention at 17.1 per cent. 

The labour market in Tasmania, on the other hand, generally seems to have improved a bit.

Koala Bear, Australia, Teddy, Sleep