Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and 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 is 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 and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and '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 of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Monday, 6 March 2017

Death of the department store?

Retail bounced

After a negative result of -0.1 per cent in December, retail turnover increased by an improved +0.4 per cent in January to $25.7 billion. 

Year-on-year retail turnover growth has steadied at 3.2 per cent in trend terms.

It's been a bit of a mixed story around the traps in recent times, and surprisingly South Australia now leads the way in terms of retail turnover growth with a +4.5 per cent increase over the year to January. 

Department stores are having a torrid time, with retail turnover declining by 3.9 per cent over the past year, while the share of total turnover relating to this sector is in a sweeping secular downtrend. 

On the other hand the dining out industry continues to boom, with retail turnover once again recording a massive 6 per cent year-on-year growth. 

In fact, while department stores have struggled to maintain market share, the eating out sector has continued to flourish. 

Overall, a decent monthly result, if not spectacular. 

Online retail turnover contributed 3.6 per cent to total retail turnover, according to the ABS.