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 firstname.lastname@example.org
Friday, 11 January 2013
UK housing shortage being caused by immigration and divorce
Interesting piece in Britain's The Times today, noting how Britain is in the process of running up a vast housing shortage in the south-east of England.
There have been a variety of contributing factors.
The Labour Party's policy of unlimited immigration saw 1.7 million new immigrants into Britain during the past decade.
Booming divorce rates are also causing housing sizes to fall. Just as in Australia, Britain needs more dwellings to house the same number of people.
And, ultimately, the rate of new builds is simply not keeping pace with demand.
With the Bank of England already having dropped interest rates almost as far a they can go for years now, there doesn't to be much prospect for an immediate improvement, nor, for that matter, any agreement on what should be done about it.
Home ownership rates dropped by 5% in Britain over the past decade.
Stocks in the US pretty flat today, although the S&P 500 cautiously inched up to a 5 year high fuelled by the good economic (exports) news from China.
The S&P 500 hit its highest level since December 2007 during the trade.
The prospects for stocks this year look promising, but gains are likely to be capped until the US has negotiated its way past its debt ceiling.