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.

Friday, 27 February 2015

NSW earnings rise strongly

Earnings rise 2.7 percent

The ABS released its biannual Average Weekly Earnings figures for November 2014, well ahead of the rate of inflation.

In the year to November 2014 in trend terms Full-Time Adult Average Weekly Ordinary Time Earnings (OTE) increased by 2.7 percent to $1,476.30.

The Full-Time Adult Average Weekly Total Earnings in November 2014 were $1,539.40, a rise of 2.7 percent from the same time last year.

Disappointingly the data showed a record gender pay gap of 18.8 percent.

My charts below show that average male weekly full-time OTE have surged 3.6 percent higher over the past year to be some $298 higher than the equivalent figure for female employees.

The growth in average female full-time OTE was clearly slower at just 1.7 percent.

Damningly, in percentage terms this is the widest gender pay gap in the 20 year history of the survey.

The state level private sector data showed that average full-time total earnings in original terms jumped 5.3 percent higher year-on-year in New South Wales.

There was a surprisingly strong uptick in full-time total earnings in Western Australia too.

Softer elsewhere.