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).

4 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 better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent 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'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Tuesday, 9 May 2017

Biz conditions strongest since 2008

Survey strengthen again

NAB's widely regarded Business Survey produced an even stronger result in April.

Business conditions rose 2 points to +14, way above the long run average of +5 and the highest level since 2008. 

Business confidence also soared +7 points to +13. 


Source: NAB

The employment index has lagged somewhat, but also rose to +8.

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Budget night!

Tonight the Federal Budget 2017-18 will be released.

The Budget papers have already been sent to the printers, so alas won't capture the ongoing crash in the price of Australia's most valuable commodity! 


The market expects to see the Budget deficit improving from about $37 billion to $28 billion or 1.5 per cent of GDP, with nominal GDP growth for the next financial year upgraded a notch confirming the good old "return to surplus" by 2020-21.

Expect to see a couple of interesting affordable housing measures announced, but the big ticket items will likely be related to spending on major infrastructure projects.