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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Wednesday, 26 April 2017
Kiwis trickle back to Oz
Record NZ migration
Migrant arrivals grew to a record high 129,500 over the year to March 2017 according to Statistics New Zealand, putting increased pressure on the Auckland housing market.
On a net basis permanent and long term migration rose to a record high 71,900 over the year to March, with fewer migrant departures being an important part of that equation.
It's been a long time coming but the number of permanent and long term departures from Australia to New Zealand is now in decline.
Record migration has been driven by sea-changing Brits, Chinese migrants, and migrants from South Africa.
There has been a sharp pullback in the annual number of migrants from India, perhaps related to a freeze on the parent visa category, through which new NZ residents sponsor family members.
More than a quarter of migrant arrivals were citizens of New Zealand.
On a net basis the flow across has the Tasman has been in the direction of Australia for three months consecutively, suggesting that the "Kiwi exodus" has run its course.
Unemployment rate Bledisloe
New Zealand's unemployment rate rose to 5.2 per cent in the December quarter, but this remains some way below the 5.9 per cent unemployment rate recorded in March in Australia.
Despite this, Australia remains a popular destination for Kiwis.
The latest available data showed that from nearly 2 million temporary visa holders in Australia more than 677,000 were New Zealanders on a subclass 444 visa.