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'.

Thursday, 8 June 2017

Tourism records broken in 2016

Record visitors & spend

The number of visitors to Australia surged from 6.86 million in 2015 to a record high of 7.62 million in 2016, according to numbers from Tourism Research Australia. 

Spend in Australia also increased, though not at quite such a frantic pace as last year, up from $24.6 billion to a new high of $26.2 billion.

Once again, Chinese visitors accounted for the bulk of the increase, with total spend rising by 11.5 per cent from $6.2 billion to $6.9 billion.

Partly thanks to the lower dollar has been an enormous surge in the number of international visitors to Sydney (+43 per cent) and Melbourne (+58 per cent) across the past half decade. 

Perth, Brisbane, and the exchange-rate sensitive rest of Queensland have all seen consistently solid increases in visitor numbers over recent years too.

The uplift has not been experienced everywhere, however, with the number of international visitors to Darwin and the rest of the Northern Territory actually falling back over the past five years. 

The other major beneficiary of the tourism boom has been Tasmania, with a massive 59 per cent increase in international visitors over the same five year period.

It's no coincidence, of course, that many Chinese tourists have enjoyed the clean air and produce of Hobart and its surrounds.