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

Monday, 20 May 2013

APM Sydney weekend wrap

Intresting read from Dr.Andrew Wilson of APM here:


"Sydney recorded a scorching 78.7 percent auction clearance rate at the weekend which is the best result for three years. The Sydney market continues to rise on the back of low interest rates and the nation’s best performing capital city economy.
Sydney’s weekend auction clearance rates have averaged 75 percent since Easter from a housing market that shows no signs of slowing down.
This weekend’s result is over 20 percent higher than the 57.8 percent recorded over the same weekend last year.
Canterbury Bankstown produced the best regional result on Saturday with an auction clearance rate of 83 percent at an average sale price of $628,667. Sydney’s upper north shore at 81 percent and the inner west at 80 percent were not far behind with both also recording strong clearance rates at the weekend.
 A standout performer in the inner west at the weekend was a 4 bedroom house at 1 Bridge Street Balmain that was sold at auction by Cobden and Hayson for $2,735,000. In the upper north shore Ray White Gladesville sold a 4 bedroom house at 63 Waterview St Putney for $1,465,000.
Demand for apartments close to the city continues to rise with a 3 bedroom unit at 3310/2 Quay Street Haymarket sold at auction on the weekend by Property Square Realty for $1,090,000.
The most expensive property reported sold at auction this weekend in Sydney was a 3 bedroom unit at 33/14-24 College Street Darlinghurst sold by CBRE Residential Projects for$3,300,000.
Sydney’s weekend auction market continues to strengthen with clearly its best autumn performance for three years with just two weekends to the Queen’s Birthday holiday which signals the start of the winter selling season.
Although according to last week’s budget national economic performance is predicted to deteriorate, the Sydney economy continues to be a standout. Latest April ABS unemployment data now had the Sydney rate falling to just 4.9 percent- the lowest rate of all the state capitals and more good news for the local housing market."