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 finest 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.
Thursday, 30 March 2017
Vacancies point to jobs growth ahead
Job vacancies rise
Good local news today as job vacancies rose by 9.4 per cent over the year to February 2017 in trend terms to a total of 186,400.
That's the highest result since all the way back in 2011, and suggests solid jobs growth ahead.
The number of unemployed persons per jobs vacancy is now back below 4 and at its lowest level since 2012, though there is literally more work to be done here.
The vacancies figures still have a Sydney-Melbourne flavour to them, in line with most other economic and demographic trends we're seeing right now.
Well over 20,000 of the vacancies each were to be found in the healthcare and social assistance sector and the professional, scientific, and technical industries respectively.
Meanwhile manufacturing, mining, and construction have all picked themselves up of the mat lately.