Pete Wargent blogspot
Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).
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.
Friday, 14 July 2017
Escalation in long term arrivals
Immigration speeds up
Long term arrivals continued to surge in May 2017, suggesting that population growth is heading back towards +400,000 per annum, overwhelmingly focused on the two most populous capital cities plus south east Queensland.
Short term inbound arrivals sped up by 10 per cent over the past year to post a record 8.5 million, though the recent strength in the Aussie dollar saw the number of overseas trips gather pace too, to sit above 10 million for the first time.
Education arrivals continue to break records by the month, with many of these arrivals eventually set to become permanent residents at the end of their respective study courses.
No surprises that a record 1.7 million visitors hit Aussie shores from China, Taiwan, and Hong Kong, but there has also been stunning growth in the number of visitors from the US, Canada, India, Japan, and other countries in Asia and America.
The most notable demographic shift is evident in the origin of permanent settlers, with a huge swing away from New Zealand and the UK, and towards immigrants of Indian and Chinese origin. There's also been a larger humanitarian intake.
Overall, very strong numbers, though evidently more Aussies are holidaying overseas again, buoyed by record household wealth approaching $10 trillion and the recent strength in the currency.
Immigration looks to be picking up speed again, and recent data - including from the Census - shows that recent migrants are overwhelmingly shunning regional Australia in favour of settling in the capital cities, in turn pressurising infrastructure bottlenecks.