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

Saturday, 13 July 2013

Inner west "the new prestige environment"

It might be a stretch to say that the inner west of Sydney is the new prestige environment for property owners - the eastern suburbs will always be the most favoured as they are closer to the beaches - but as I've suggested on this blog since I first started it, the inner west has been the hot sector for some time.

These things move in cycles, though, and the east's time will come again. The lower north shore is also a popular choice these days.

The popular press and the laggards are finally latching on to the fact that the property markets are on the up, which has been reflected in the figures reported by RP Data since the start of the cycle: Sydney +8.5% to a new peak, Perth +9.0% and even Melbourne once again +6.5%.

However, the gains have been muted in Brisbane and Adelaide given the low interest rate environment.

It's probably time to start looking ahead to when this property cycle will stall and reverse.

With all major capital city markets other than Sydney remaining below their peaks and Sydney perhaps showing the strongest fundamentals, it could be a case of the Sydney market running away as the rest plateau. 

Perth has surprised us before so it will be interesting to see if it can keep up its outstanding run.