Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory & buyer's agents, 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

Wednesday, 22 May 2013

Battle lines drawn!

Further to my previous post, there is some debate as to how the peak of the mining construction boom will play out. CommSec certainly seem to think all will be OK:


I think the MacroBusiness position is fairly clear judging from their headlines, which are overwhelmingly crepuscular:


Will be interesting to see how this one plays out...

***

The good old negative gearing debate back on the agenda today. One thing I must admit I don't get...

Those who argue that the laws should be scrapped contend that when adjusted for the high levels of inflation 1985-1987, rents did not increase dramatically in four of the capital cities. 

OK, fair enough. 

But if rents weren't materially impacted, I'm wondering, why then were the laws were reintroduced so hastily? Real estate industry lobbying? Vested interests of politicians and others? Social housing waiting lists increasing? It's all rather hard to say at a distance of nearly three decades.