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.

Sunday, 25 June 2017

Census due next Tuesday

2016 Census release

Last week, I noted here that Australia's population clock had quietly ticked past 24.5 million.

On Tuesday morning during the week ahead, we will eagerly await the official release of the 2016 Census. 

This comprehensive data series will include:

"...national, state/territory and capital city data for selected key person, family and dwelling characteristics, including age, sex, religion, language and income".

There will certainly be a trove of interesting information to be treasured and pored over. 

Curve ball

Interestingly, and as noted by the great Peter Martin, the Census will likely find that the resident population comprises more or fewer of us than estimated, in which case the population clock will need to be re-set. 

Unfortunately, this time around the collection of the Census proved to be a somewhat wobbly affair, with the website imploding due to the sheer weight of the traffic overload. 

Following the glitch, no fines were to be issued for people not completing the forms on Census night. 

Typical Aussie

Early Census information released in April by the ABS showed that the average or typical Australian is:

"...a 38 year old female who was born in Australia, and is of English ancestry. She is married and lives in a couple family with two children and has completed Year 12. She lives in a house with three bedrooms and two motor vehicles."

Given that the website was down for a long period of time, however, naturally enough the larrikin response on social media noted that the average Australian...well, couldn't log on to the Census. 

So, there is a chance that the 2016 Census could reveal some rather unexpected results, with knock-on implications for assumptions about the adequacy or otherwise of dwelling supply, labour force ratios, and so on.

We'll just have to wait and see. Stay tuned!