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, 27 February 2017

Return of the Kiwi

Record NZ migration

Net migration into New Zealand hit a record high 71,300 over the year to January 2017, according to Statistics New Zealand. 

Some of the recent burst in migration had been driven by migration from Australia, as well as a large number of student visas.

However, the Aussie trend now appears to have ended, with permanent and long term departures from Australia now having peaked.

In fact, Statistics NZ reported that more than two-thirds of those migrating from Australia to New Zealand were actually NZ citizens returning home after the big Aussie surge driven by the resources boom. 

The main drivers of record NZ migration are now increases in Chinese, British, and South African migrants.

Netting off those leaving in NZ in the opposite direction across the Tasman for Australian shores, there was actually an inflow to Australia in January, thus signalling the end of the so-termed "Kiwi exodus". 

Chinese tourism boom

New Zealand also experienced a record 381,000 visitors arrivals in January (up 11 per cent from January 2016), more than 54,000 of whom came from China to coincide with Chinese New Year.

Looking at these monster numbers suggests that Australia could be in for some huge equivalent figures when they are reported in a fortnight's time.