In a short summary:
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.
Wednesday, 27 January 2016
Ads up again
Job advertisements improve
The latest data from the Department of Employment shows jobs vacancies up by +1.1 per cent in December and a solid +9.4 per cent over the calendar year 2015, to a seasonally adjusted 166,200.
In a short summary:
Between them New South Wales, Victoria, and Queensland accounted for some 81 per cent of the vacancies, which bodes well for imminent employment growth in those three most populous states.
The picture elsewhere is soft, with the internet vacancy index (IVI) showing vacancies down over the year in most other states and territories (and the ACT up on a small sample size).
In terms of sectors the biggest percentage gains in vacancies were for medical practitioners and nurses (+31.5 per cent), and transport & design professionals and architects (+24.1 per cent).
At the national level, then, a solid +9.4 per cent seasonally adjusted increase keeps things moving in the right direction, which is in keeping with Ross Gittins' view that the labour market will likely continue improving steadily in 2016, with the economy expected to have a decent year.
That said, the survey is still tracking some 46 per cent below previous peaks, so there is a long way for this recovery to run.