Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Saturday, 6 May 2017



Just days out from the federal Budget, and the shredder in the Treasurer's office must be working overtime. 

The iron ore spot price lost another 5.3 per cent to $61.73/tonne.

How you make a Budget forecast for a commodity that can lose more than 10 per cent in 48 hours is anyone's guess, but the chart looks very ugly!

Although less prominent than it once was, iron ore still accounts for just under 30 per cent of Australia's Index of Commodity Prices updated annually by the Reserve Bank. 

Budget papers are out Tuesday night, stay tuned!