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 finest 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.

Thursday, 6 July 2017

LNG exports hit record

Surplus rebounds

Australia's international trade balance surged back to a seasonally adjusted surplus of $2.47 billion in May, having recorded a revised surplus of only $90 million in Cyclone-impacted April. 


While the iron ore price was well down in May, there was a significant rebound in coal exports as the weather improved, and as expected the value of LNG exports surged to a new record high. 


Annual merchandise exports from Western Australia hit a 27-month high, while Gladstone LNG has also helped to drive the value of Queensland exports to record levels. 


Exports to China have bolted towards a record high, so Australia is beginning to post some reasonably impressive export numbers after a shaky few years.


And this dynamic is mirrored in wider trade surpluses in the resources states. 


Finally, tourism is also thriving in the lower dollar environment, which is another net positive for Queensland.


Overall, it was good to see a strong rebound for export values, which was reflected in a larger trader surplus.

However, export volumes will struggle across the second quarter as a whole, due to the disruptive impact of Cyclone Debbie.