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

Saturday, 6 July 2013

Sydney still scorching - 78% clearance rate (again)

Lest there was any doubt about the hot Sydney property market continuing into the chilly winter months...

Another near-record 78% clearance rate today to follow last weekend's 78%, which means that price gains might be expected to continue well into the coming months.

A bit of a dilemma perhaps emerging for the RBA, for an interest rate cut is probably needed to stimulate construction, yet this risks sending property markets such as Sydney into overdrive. 

It may be a sacrifice they have to make, but they must also be wary given that Sydney prices are already well above previous record highs.

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On the subject of Sydney, an amazing 16-41 win for the British Lions. 

I have to admit that no matter how long I live in Australia, and despite being an Aussie citizen, I'll always support the Brits - can't change that!

Ashes cricket starts on Wednesday and it is roasting hot over here near London. Can't wait...