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

Thursday, 4 July 2013

UK house prices up to highest in 3 years

No surprise at all that the combination of a growing dwelling shortage in the south-east of England and the Government Help-to-Buy scheme is pumping the UK housing market back up.

Bloomie:

"U.K. house prices rose last month to the highest in almost three years as measures by the Bank of England and the government stimulated property demand.
Home values increased 0.6 percent from the previous month to an average 167,984 pounds ($256,100), the highest since August 2010, the mortgage unit of Lloyds Banking Group Plc said in a statement in London today. From a year earlier, prices rose 4.1 percent.
The property market is showing signs of strengthening after the BOE’s Funding for Lending Scheme helped to lower borrowing costs and the government set up a program to help people buy homes. The central bank said yesterday that demand for mortgages rose “significantly” in the second quarter.
“Improved confidence in both the housing market and the economy, combined with a shortage of properties available for sale, appear to be pushing up house prices, said Martin Ellis, housing economist at Halifax. Still, ‘‘subdued economic background and weak income growth are expected to remain significant constraints on housing demand.’’
Taylor Wimpey Plc (TW/), the U.K’s second-largest homebuilder by volume, said today that more than 1,000 customers reserved homes using Help to Buy and a further 232 are seeking approval. It also said that first-half operating profit margin in the U.K. was more than 13 percent, up from 11.2 percent a year earlier.
In the three months through June, house prices rose 2.1 percent from the previous quarter, according to Halifax. From a year earlier, values were 3.7 percent higher, also the biggest increase since August 2010."