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.

Thursday, 18 August 2016

Triple whammy boost

Brexit brushed...for now

A triple whammy of good news for Britain's pre-referendum economy.

Total UK employment increased by another +172,000 over the three months to June 2016, to an all-time record high of 31.75 million, according to the Office for National Statistics

This was an increase in employment of +606,000 from the prior year. 

The employment rate for 16-64 year old persons rose to its highest level since comparable record began in 1971.

The April-June unemployment rate of 4.9 per cent was the lowest since 2005, and matched the post-recession low water mark. 

Meanwhile there was also a surprise fall in the number of benefits claimants.

The number of unemployed fell to 1.64 million, some 207,000 fewer than a year earlier.

And average weekly earnings including bonuses increased by a stronger than expected +2.4 per cent from one year ago, well ahead of the inflation rate of just +0.5 per cent over the period. 

All great news, but as Britain voted for a "Brexit" this might be as good as it gets.

Time will tell.