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 email@example.com
Thursday, 16 May 2013
Property Pulse: Investor loans increase 21.3% y/y
"Housing finance data was released earlier this week by the Australian Bureau of Statistics (ABS) for March 2013. The data release showed the number of owner occupier finance commitments rose by 7.2% over the month for new loans compared to a 1.1% increase in refinance loans.
Year on year, new loan commitments have increased by 13.8% compared to a -7.2% fall in refinance commitments. The data supports the notion of increasing demand for home loans win new loan commitments having increased over 9 of the past 12 months.
The total value of housing finance commitments shows a recent surge in activity for loans for investment purposes. In March, the value of investment loans rose by 2.1% and year on year, the value of investment loans has increased by 21.3%.
The 21.3% increase in the value of investment loans over the year is the largest increase since November 2007 (25.6%). The data clearly indicates a strong level of investor activity returning to the residential housing market."