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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Monday, 3 April 2017

Commodity prices up more than 50pc in a year


The Reserve Bank of Australia (RBA) reported that its Index of Commodity Prices was up by 50.1 per cent from a year ago. 

The index was steady in March having increased by a revised 3.7 per cent in February. 

In Aussie dollar terms the index rose by 0.5 per cent in March.

In fact, the dollar has not really much believed in this commodity price rally from start to finish, to the extent that the increase in Aussie dollar terms was up by 45 per cent year-on-year in January 2017. 

As the chart show we haven't seen many annual increases like it in modern history.

The index will struggle to rise much further from here with iron ore port stocks back to record highs and natural gas spot prices well down from their December levels.

Unless there is a major supply disruption to coal, the index is on balance likely to be heading lower before the year is out.