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.

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Thursday, 25 July 2013

SMH: Sydney dwelling prices to new all-time highs

SMH reports the same, which is what I've been expecting to happen since long before I started blogging: record new prices in Sydney, forced by a booming population, and a supply which fails to meet demand adequately:

"Australia's most expensive city just got more expensive with the median house price fast approaching $700,000.
Sydney house prices have risen 2.7 per cent over the June quarter to reach an all-time high of $690,064, figures from Australian Property Monitors show.
Sydney continues to tower above the national house price median, which grew 2.8 per cent to a new peak of $564,325.
The senior economist at APM, Andrew Wilson, said the property market had been "jet-propelled by the lowest interest rates in decades, rising confidence and continued generally solid economic performances".
Year-on-year house prices in Sydney have jumped by 6.7 per cent – three times the rate of inflation.
Apartment prices are also on the up, rising by 2.4 per cent in Sydney over the June quarter to a new high of $491,845."