Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & 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's 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & '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 Hmmm, one of the world's most popular & widely-read financial publications.

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

Wednesday, 16 December 2015

Motor sales at record levels

New motor sales rise in November

November Sales of New Motor Vehicles rose by +1.0 per cent to a seasonally adjusted 97,696, taking the trend result to a fresh all-time high of 97,973.

Sports Utility (SUV) sales continue to carve up the market at the expense of traditional passenger vehicles, accounting for some 36.5 per cent of sales in the month.

Rolling annual new motor sales are also at an all-time high of more than 1.15 million.

At the state level rolling annual sales have blazed to all-time highs in New South Wales (378,792) and Victoria (314,377), while Queensland was the strongest performer of all in November, with new motor vehicles sales up by +13.8 per cent from one year ago. 

On the other hand, rolling annual sales total are in decline in Western Australia (106,480) and the Australian Capital Territory (10,656).

Sydneysiders must be wondering what all the fuss is about with regards to the domestic economy, with unemployment falling, pulsating jobs growth, retail sales humming along, and now record new car sales.

But, of course, it's the resources regions which are set to be hit with the big job losses and falling demand.