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, 28 June 2012

2 minute suburb review: Elizabeth Bay

Out on my travels today I took a quick look and a few photos around Elizabeth Bay, a cracking harbourside suburb just 3km from the city of Sydney.

The good

Lots to like! Very central. A couple of lovely parks and the marina. Some beautiful art deco buildings too. Very easy to get to the city though I'm afraid one may have to mix with the hoi polloi on the way through, unless you're taking the Jaguar!

The bad

Not too much wrong with the suburb, except for the prices, which have performed very strongly indeed over the last decade (you aren't getting much change from a million bucks for a quality 2 bedroom apartment here). The proximity to Kings Cross might be an issue for some (though it might also be a plus to be close to many of the trendy spots, depending on your outlook).

2 minute summary

Yes, it's expensive here. But have you ever heard the phrase in investing: 'Follow the smart money'? Well, John 'Aussie John' Symond bought an amazing $4.1 million apartment with 3 bedrooms and terrace garden here in late 2011...and the last time I checked he's done pretty well out of his real estate knowledge over the years. It's a thumbs up for me.