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.

Thursday, 10 July 2014

2-1

Granted, watching Rugby League at the casino may not be your thing (at $4 for a glass of Coke, it might not be mine for too much longer either).

But this has been a long, long, time coming!

Although Queensland ran out comfortable winners on the night, New South Wales lifted the State of Origin trophy at Lang Park last night, taking out the series 2-1 after a painful eight year drought.


Quite a lot has happened since the Blues last won the series some 2,554 days ago.

We've had four different Prime Ministers, and one financial crisis.

The YouTube channel had only just been founded the last time the Blues won State of Origin.

A portfolio of blue chip shares would have boomed, crashed and recovered since 2005.

But nevertheless, it would sit around 30pc higher today, while a well-chosen dividend rich portfolio would have generated more than satisfactory returns over that time.


Property prices are around 40pc higher today in Sydney than 2005, and nearly 60pc higher across the capital cities (click chart):


Average ordinary time earnings have increased by around 40pc since the middle of 2005, and capital city rents have broadly increased in line with earnings, with some variations.

I wouldn't mind a bet the price of a glass of Coke at Star City is up by 40pc too.

Stay tuned for the Labour Force data later this morning. The market expects to see +12,000 jobs gained in June and a relatively moderate print overall. 

Due to sampling the monthly data tends to be all over the place, but it's the medium term trends I'll be looking at with interest.