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'.

Thursday, 4 May 2017

Cost of living rises...

Cost of living rises a bit...

...but still beats the alternative, as the old saying goes.

The cost of living for employee households rose by a moderate 1.5 per cent over the year to March 2017.

This is still a very low rate of increase - and indeed is way under the long run average - but it is higher than the 1 per cent annual increase seen in the preceding quarter.

The ABS Cost of Living Indexes also showed how falling interest rates have been a key driver of rising dwelling prices over the past decade:

"Over the last 10 years, to March quarter 2017, mortgage interest charges have fallen -4.7 per cent. Dwelling prices have risen 76.2 per cent between December 2006 and December 2016."


This morning the International Trade figures for the month of March 2017 are to be released.

Following on from last month's huge and near-record $3.5 surplus, the market expects to see a slightly lower result at a surplus of around $3.3 billion.

Market forecasts are now blind, since the ABS no longer releases customs goods imports ahead of the trade data market release.

Market forecasts range from a solid surplus of $1.8 billion all the way up to a record monthly high of $4 billion.

Westpac is the most bullish forecaster, estimating that export earnings may have been previously understated.

Some imports were also pulled forward into January due to lunar New Year, which in part accounted for the very low result for imports last month (and in turn, the apparently massive surplus).