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'.

Monday, 18 January 2016

Bumper half decade for NSW car sales

Following on from this morning's post on traffic congestion the ABS released its final Sales of New Motor Vehicles figures for 2015, with December's seasonally adjusted total of 97,338 sales some way below the record high 100,467 set in September.

On a trend basis, new motor vehicle sales moved a solid 4.6 per cent higher over 2015, though the trend is now looking decidedly peaky.

On an annualised basis, the total for new motor vehicle sales of 1.15 million in 2015 was a record high, and an improvement of 3.5 per cent on the year to December 2014.

The main driver has been sales in New South Wales where a record 380,353 sales were made in 2015, which on a rolling annual basis is 17 per cent higher than the May 2008 peak, and 22 per cent higher than the June 2011 nadir. 

What is more, the latest data suggests that annual motor sales in New South Wales are heading higher still, fuelled by a very strong Sydney economy which has experienced massive jobs growth over the past year.