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 Hmmm...one of the world's most popular & widely-read financial publications.

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

Wednesday, 26 July 2017

Dr. Copper heal thyself

Copper rally

Well it's been a long time coming, but the copper spot price has rallied hard to a 2-year high.

The price of copper is often taken to be a predictor of turning points in the global economy. 

This move likely signifies strong expected demand, particularly from China, and possibly tighter supply in China too. 


Meanwhile, the iron ore price is up 22 per cent year-on-year after a rollercoaster ride, which is helping Western Australia's recovery along. 


And the commodities news is better still for Queensland:


CPI to come

So that's a tidy little cluster of positive news ahead of today's inflation report at 11.30am.

While forecasts expect headline inflation to levitate some way into the target 2 to 3 per cent range, the more important core readings of inflation are forecast to remain just below 2 per cent. 

Inflation readings have stunned financial markets and expectations for interest rates before, however, so this could potentially be one of the most interesting data releases in months. 

Stay tuned!