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

Monday, 13 May 2013

Property markets heating up?

Certainly seem to be.

Melbourne recorded another high auction clearance rate this weekend of 72% with reports of some properties selling for well above their reserve.

Meanwhile in Sydney APM reported another 70%+ clearance rate. 

The city's inner west is one of the hot sectors of the market as identified by Property Observer here.

Says Dr. Andrew Wilson:

"Inner-city apartments continue to attract buyer interest with a 2 bedroom unit at 410/23 Pirrama Rd Pyrmont sold at auction on the weekend by Morton and Morton for $1,135,000.

Last weeks surprise cut in interest rates, a solidly rising stockmarket nearing five-year highs, and the fall in the ABS New South Wales unemployment rate over April from 5.5 percent to a low 5.3 percent will continue to fuel a Sydney housing market that remains in the best shape for years."

According to RP Data's Daily Home Value Index, Sydney home values are 5.62% higher than one year ago.

Likely to be a fairly tame day for stocks with all eyes on whether the Aussie dollar can cling to parity with the greenback or whether it will continue to slide.