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'.

Friday, 10 March 2017

It's the taking part that counts...


There's been plenty of focus on Australia's unemployment rate, which has improved from 6.3 per cent in October 2014 to 5.7 per cent on the latest monthly measure.  

On the other hand the labour force participation rate remains well below the levels seen in 2008, as indeed does the employment to population ratio. 

For males the participation rate has declined from 72.8 per cent at the end of 2007 to just 70 per cent in January 2017. 

The other side to this story has been the sweeping structural increase in female employment over the last few decades. 

The female employment to population ratio has trended up from 40 per cent in 1983 to 55.7 per cent in 2017, although most of this increase took place before the financial crisis too. 

In the aspirational inner suburbs it almost feels like a given that both halves of an apartment-living couple are active in the workforce today. 

Tempting though it is to see this as a capital city phenomenon, however, the ratio of females employed in the workforce has actually been increasing all around Australia, including in regional centres.

That said, simply by virtue of being the most populous cities Greater Sydney and Melbourne between them have accounted for 40 per cent of the net increase in female employment since the turn of the century. 

The rise of the dual income household has forged a tremendous shift in housing markets and relative levels of affordability - particularly in these two cities.