Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.

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.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email pete@allenwargent.com

Thursday, 23 February 2012

Sydney property update

It's looking less and less like we'll get another interest rate cut soon, which probably means at least another 6 sluggish months for the property market.

Despite all the talk of doom and gloom, the SMH reported here that some 60 percent of Sydney suburbs actually saw a rise in values in 2011.

This is because it is the properties at the top end - which usually perform with more volatility - have been very weak.

A flick through the SMH's Domain pullout at the weekend confirmed what I had already suspected.

As the linked article also confirms, certain properties (units) are selling very well, particularly in suburbs like Bondi Junction (east) and St. Peters (inner west) which were both up around 6.5% in value for the year.

At the top end, luxury properties are not selling strongly.  No big surprises there.

Regular readers will know that for the future I have a preference for units, and particularly those located close to the CBD with great transport links.

With Sydney's robust population growth, a continuing trend towards smaller households and inadequate construction, these properties should continue to perform well over the long term.