Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property buyers & WargentAdvisory (subscription market analysis for institutional clients).
Check us out here
TO COME AND SEE ME SPEAK LIVE IN SYDNEY - see www.quadrant2.net
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.
Aussies are increasingly favouring the sports utility.
At the state level a very tidy uplift in this month for Queensland (+12.8 percent) and New South Wales (+1.5 percent).
However over the past year there have been some significant declines in South Australia (-4.5 percent), the ACT (-11.2 percent), Western Australia (-11 percent) and Tasmania (-16 percent) reflective of the relatively weaker economies and consumer confidence in those states.
State of the States
On a related note Commsec released its State of the States report this morning which showed that New South Wales remains Australia's leading economy, but the southern states of South Australia - which slipped further down the rankings - and Tasmania, struggling, in 7th and 8th place respectively:
"Last quarter NSW stood on top of Australia's economic performance rankings for the first time since July 2011. And NSW has maintained its position this quarter. But it has been joined on top by the Northern Territory with Western Australia slipping to third.
The next grouping is Victoria and Queensland. ACT has now overtaken South Australia into sixth spot while Tasmania is ranked eighth. Over the past quarter, NSW has improved its position on retail spending to consolidate its position at the top of the economic performance rankings."