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).

5 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 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 - where world class experts share their thoughts on economics & finance - & author of Things That Make You Go of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Tuesday, 16 December 2014

Haddock & Bloater Sales Ease

Motor Sales Declining ex-Sydney

92,234 New Motor Vehicle Sales were recorded in the month of November, or 91,869 on a seasonally adjusted basis according to the Australian Bureau of Statistics.

This is 0.6 percent less than the previous month and 3.8 percent down on the prior year figure.

On a rolling annual basis well over 1.1 million new vehicles have been sold, but this is down by more than 2.5 percent from the 2013 peak.

Passenger vehicles continue to be replaced by increasingly popular SUVs.

NSW the Star Performer

The strongest economy in Australia is New South Wales and here the number of new motor vehicles sales continues to rise with more than 356,700 units shifted over the past year.

However year-on-year sales have declined in every other state and territory, and sharply so in the mining states of Queensland and Western Australia, as well as Tasmania and the ACT.

Lower interest rates next year may help...assuming confidence picks up as a result!