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

Thursday, 9 May 2013

HIA flags housing shortage and affordability issue

Media release today from the Housing Industry Association (HIA) here highlighting how the population growth is growing apace but we are building fewer homes (and too many of those are not in appropriate locations or of a desirable type):

“The simple fact is that Australia is falling behind in housing its population,” said HIA 
Managing Director Shane Goodwin. 

“We are currently building 25,000 homes less than we were ten years ago, and last 
year built around 10% under average over the past decade.”

“With the population exceeding 23 million in recent weeks, the logical question is 
where will the growing population live?”

“There has been significant policy focus on health and education as part of the 
election debate – and this is a good thing – but basic shelter is the bedrock on which 
all other aspects of our lives are built.” 

“Housing must be given a higher priority by the major parties to reflect the social and 
economic importance it has in our lives.”

“At present home building is being choked by red tape, an inflexible industrial 
relations system and a disproportionate level of taxation.”

“We are therefore encouraging anyone with an interest in improving housing 
affordability and protecting the one million plus jobs in building construction to join us 
in urging the future government to make housing policy a priority,” concluded Mr 
Goodwin."