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

Tuesday, 22 January 2013

Dr. Andrew Wilson on housing affordability

Dr. Andrew Wilson on housing affordability in this video here.

You can read the full article on Sydney Morning Herald's site here.

Property prices eased moderately in Australia through 2011 and 2012 and thus in this respect he is right in that affordability must have improved. After all, reasonably strong wages price growth has continued (at least in some industries it has) and interest rates have been cut 6 times so logically affordability must have improved.

Of course this won't stop the usual ridicule of any bullish commentary on investment markets.

It's an important point about the difficulty in comparing property prices between different countries and different regions. This has been certainly very much in the case in London as compared to other parts of Britain and although I haven't ventured to the US in recent times I'm sure similar stories are told from there too.

It's also indubitably the case that markets don't all act in a similar manner. Prices ticked up in Sydney so naturally enough this city scores higher on an unaffordability measure than cities which have corrected somewhat, such as Brisbane.

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Futures markets implying a fairly flat period ahead for US shares.

Gold staging something of a little recovery.


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