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.

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Monday, 21 May 2012

Where is your city on the Property Clock?

A great little piece regarding the time on the 'Property Clock' by Michael Matusik of Matusik Property Insights here - check out his regular common-sense updates via my Blogroll.

Brisbane next to go

Precisely in keeping with my own thoughts, Matusik is calling Brisbane as the next Aussie capital city to see a material upswing in values.

Brisbane has seen little or no growth no since well before the financial crisis - the recent flooding in Queensland damaged confidence and saw values sliding, which now presents savvy counter-cyclical investors with some mouth-watering opportunities.

Personally, I am very keen on some of the inner-western suburbs with transport links, such as Toowong and Indooroopilly.

More than one 'property market' for each city

Of course, it is very difficult to generalise with property markets.

I agree with Matusik that Sydney is at the peak of its cycle for most dwellings - but there are of course pockets of suburbs and property types that will see - heck, that are seeing - very sharp rental growth, and values will tend to follow in certain supply-constrained hubs.

The only point I disagree with is the placing of Albany/Wodonga - I assume this intended to mean Albury-Wodonga as Albany is nearly 3,500 clicks down the Eyre Highway from Wodonga, and thus has a low correlation...

Oz can be very confusing like that: an example, accidentally take a left turn up the Stuart Highway instead of the Sturt Highway from South Australia and you could end up 3,979km from your target destination (Darwin instead of Sydney).

So it does pay to check the map occasionally!

Toowong: some great value units if you know where to look. Expect to pay around $380,000 for a high-quality 2 bedroom investment unit.


Steady trade just finished on the ASX , the All Ords finishing up just over 0.6%.

Aussie dollar has eased down to 98.3 US cents.