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'.

Wednesday, 22 March 2017

Return of the Kiwi

New Zealanders trickle back

Another trend which has been overblown on recent times has been the exodus of 'Australians' to New New Zealand. 

In fact, the numbers departing Australia permanently or for the long term are now down year-on-year. 

New Zealand has been experiencing record levels of net annual immigration - including 71,300 over the year to February 2017 - but the drivers of this growth are now former residents of China, South Africa, and the United Kingdom respectively. 

In truth tens of thousands of New Zealanders migrated to Australia through the mining boom, and relatively few have dribbled back.

The NZ government statistics have reported that the Aussie migrants in question are very often New Zealand born residents returning home. 

But even this trend has now reversed, with a small net flow of permanent and long term migrants back in the other direction across the Tasman towards Australia. 

Moreover, this analysis ignores the impact of temporary visas.

There are now more than 677,000 New Zealand subclass 444 visas on issue in Australia, with strong growth in this sector recorded in 2016. 

One metric which may yet favour New Zealand going forward is the Bledisloe unemployment cup, with Australia's respective unemployment rate inching higher than that in NZ in rising to 5.9 per cent in February. 

Overall, Australia's immigration levels look set to be relatively steady over the next year or two, with population growth tracking at around 1.4 per cent, largely centred upon Melbourne and then Sydney.