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'.

Thursday, 2 March 2017

Record surge in commodity prices

Surge continues

The Reserve Bank of Australia's Index of Commodity Prices recorded another solid 1.7 per cent gain gain February in SDR terms, following on from a revised 4.2 per cent increase in January.

The spectacular rebound follows a long decline in commodity prices from 2012 to early 2016. 

After a remarkable run since January 2016, the figures for spot prices suggest that a peak may soon be in, with coking coal prices recently retracing, although the iron ore price has remained very strong for now. 

Over the past year the index has increased by 56 per cent in SDR terms, with the last two months notching the largest annual percentage gains on record, also driven by coal and iron ore. 

In Aussie dollar terms the index is up by 41 per cent over the year to February. .

With LNG exports now accounting for a greater share of GDP growth, other key trends to watch will include the price of oil and the contract export prices for LNG. 

Herten, Zeche Ewald, Sunset