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'.

Friday, 28 July 2017

Melbourne to overtake Sydney within a decade

10-years of population increase

Figures released by the ABS today showed that Australia's population increased by 18 per cent or 3.8 million over the decade to 30 June 2016. 

That's a hefty increase, and a rate at which the delivery of infrastructure will struggle to keep pace.

Victoria experienced by some margin the largest growth in terms of absolute numbers at 1.1 million persons, followed by New South Wales (+996,600), and then Queensland (+840,900).

Capitals suck in population

77 per cent of the total population growth was experienced in capital cities over the past decade.

However, the trend towards the capitals is accelerating, with some 84 per cent of population growth in FY2016 taking place in those cities. 

The trend was particularly stark in 2016, driven forward by the most populous capitals of Sydney and especially Melbourne. 

Melbourne to overtake Sydney

The population of Sydney grew by +773,607 to 5,029,768 over the ten year period, for an increase of 18.2 per cent (compared to 9 per cent growth for regional New South Wales). 

Melbourne's population increased by an even stronger +964,556 to 4,725,316, representing a 25.6 per cent increase. 

Over the same time period the population of regional Victoria increased by a comparatively sedate 153,427.

Greater Melbourne's population growth was incredibly strong in FY2016, at a gold-rush-like +126,175.

If current trends were to persist the city population could exceed that of Sydney within a decade.

A lot can change in ten years, of course, but if anything more people seem set to leave Sydney for south-east Queensland over the years ahead, which could prove to be the decisive factor.