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 February 2016

Chart Pack

RBA Chart Pack

A few interesting charts from the Reserve Bank's latest Chart Pack.

China's economy continues to slow, with the official data reporting that GDP growth is now 6.9 per cent.

India, on the other hand, is reasonable well placed well to benefit from lower oil prices, and is expected to grow by 7 to 7.5 per cent in this fiscal year. 

GDP Growth – China and India graph

Unemployment - advanced economies

I was over in Britain at Christmas time, and as I noted here it has been great to see the unemployment rate there continue to tumble to just 5.1 per cent, the lowest level since October 2005. 

The economic recovery in the remainder of the Euro area by comparison has a long road ahead.

Unemployment in the US is also now just 5 per cent, the economy having added another 2.65 million jobs in 2015

Unemployment Rate – Advanced Economies graph

Household finances

Last year the Reserve Bank found some more student liabilities to lob into the household debt bucket, and as a share of household disposable income debt is now at its highest ever level.
The chart below represents an interesting dichotomy, with the household interest payments burden at its lowest level in well over a decade. 

Household Finances graph

Although lenders have tightened up mortgage rates and serviceability criteria for investors, competition for owner-occupier loans has remained fierce and possibly even intensified, with home loans reportedly available from only 4 per cent.

Plenty more interesting besides in the full Chart Pack here.