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, 14 May 2013

Lending finance up, up and away...

ABS releases its next data set this morning, being the lending finance data.

With the exception of lease finance, everything is on the increase.

Notably housing finance is now some 12.2% higher than a year ago after recording a very strong increase in the month of March - up 5.8% in the month seasonally adjusted.

This is the fastest quarterly rate of mortgage growth to start of the year since 2009 at which time the property market was booming.

Low interest rates are taking effect, dragging savers away from their bank accounts.


Source: ABS

There has been a lot of talk about First Homebuyers 'striking' and refusing to buy.

This has been in true in part, although it should be noted that in absolute terms the number of first homebuyers has been increasing again in response to lower interest rates.

However, as a proportion of the total market percentages have decreased in some states as the number of other homebuyers and investors has increased as the recovery gathers pace.



Source: RBA