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.

Thursday, 15 January 2015

Job Vacancies Slink Higher

Before today's all important Labour Force figures are released a quick sneak look at this week's ABS Job Vacancies data for November 2014.

Job vacancies rising by another 1.3 percent in the November quarter to be an encouraging 6.7 percent higher over the past year.

If you're wondering what happened in 2008 and 2009...nobody knows, as the survey was suspended! 

You'll have to use your imagination!

Some 48,800 job vacancies in New South Wales bodes well for hiring in that state.

On the other hand a down-tick in the November quarter to only 8,300 vacancies in South Austraia reflects the weak state of the local economy.

Yesterday's engineering construction figures showed that mining construction is now on the wane, and this is reflected in only a tiny number of mining job vacancies nationally.

Over the past year there has been a 19 percent decline in mining vacancies.

On the other hand, manufacturing job vacancies have picked up.

Analysts will be watching this morning's jobs data for December 2014 with great interest.

Althought total employment in Australia is at a record high of 11,637,400, the unemployment rate is currently at a higher than desirable 6.3 percent.

Stay tuned.