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'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision, author of Things That Make You Go Hmmm...one of the world's most popular & widely-read financial publications.

Tuesday, 12 September 2017

Chinese visitors booming

Visitor boom

The Australian Bureau of Statistics has revised its methodology for recording Overseas Arrivals & Departures back to 2007, due to the removal of the outgoing passenger card. 

I'll provide the full deep-dive review into the new figures in my subscription reports for accredited and institutional investors. 

The number of net permanent and long term arrivals into Australia has picked up moderately from a recent lull. 


But the more important thing to note is the change in composition of arrivals into Australia.

In trend terms there were 745,400 short term arrivals in the month of July 2017, an increase of +7.1 per cent from a year ago, and continuing the increase in visitors since the peak of the resources construction boom and the depreciation of the Aussie dollar. 

Following a streamlining of the visa category, the number of education arrivals is really going like the clappers, particularly from China.

There will be some circular trips in these data, but the statistics show that July was the biggest month ahead of a spring session on record, with education arrivals up +55 per cent from three years ago.

This has some significant implications for apartment rentals in inner Melbourne and Sydney.


And Chinese visitors aren't just coming for education, but for holidays, business and conferences, and to visit family, in unprecedented numbers. 


In seasonally adjusted terms, July 2017 was the biggest month on record for Chinese arrivals.

In original terms there were nearly 150,000 Chinese arrivals (there have been more visitors to Australia for Chinese New Year on a handful of occasions).

For a more in-depth look at Australia's changing demographics and the implications thereof, subscribe for my monthly reports