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, 20 May 2016

Kiwi migration trend ends

Net migration flow to Australia returns

Over the past 12 months Australia has experienced a small net loss of permanent migrants to New Zealand, largely comprised of Kiwis returning home.

Given the awful weakness of the NZ dairy industry - 80 per cent of the industry has reportedly been operating at a loss - and given that economic growth in Australia has held up surprisingly well, it's no surprise to hear that the trend has already reversed.

For the month of April 2016, for the first time in twelve months Statistics New Zealand reported a small net migration flow back in the direction of Australia. 

Indeed, more Kiwis are choosing to visit Australia for short term trips too, with total annual visitors rising by 37,100 to 1.14 million.

Like Australia, New Zealand is experiencing strong population growth from Asia, and a large net inflow of international students in particular.

Recently Australia's population hit 24 million, as I analysed in some detail here.

At this moment the population of Australia is 24,078,693 with another 79,000 or so people to house over the past three months.

Which kind of puts the oversupply of apartments into another perspective.