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.

Monday, 9 February 2015

ANZ job ads +10 percent y/y

Job adverts trending up

A tentative tick for the ANZ job advertisements release with another 1.3 percent increase in January 2015, to be up 10 percent on a year ago.

The less volatile "trend estimate" series has now risen for 15 months which bodes reasonably well for labour markets.


The detailed newspaper adverts figures by state show that New South Wales is surely leading the way in terms of employment growth.

That said, the "original" data series spiked down in January so much more compelling evidence than this is awaited from this media release series.

Most forecasters still expect the headline unemployment rate to tick up to 6.5 percent, which is why so many economists expect at least one more interest rate cut this year (and some see two).

If Australia is expecting to see 220,000 to 240,000 new arrivals per annum over the next 50 years, then more robust jobs growth is needed.