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

Monday, 5 August 2013

APM: Surging Sydney market shattering records

From Dr. Andrew Wilson of APM:

"The Sydney home auction market has unsurprisingly commenced August where it left off in July with yet another strong result. The weekend auction clearance rate of 81.3 percent was remarkably the fourth consecutive weekend result above 80 percent.
Sydney’s weekend auction market reached recorded highs over July with the clearance rate of 75.9 percent is the highest ever recorded for that month and the second highest ever – just behind the 78.3 percent recorded over April 2002.
A number of Sydney regions recorded their highest ever auction clearance rates over July. The best of the regions was the lower north shore with a clearance rate of 84.6 percent followed by the inner west with 82.4 percent, the city and east with 79.5 percent and the upper north shore with an auction clearance rate of 78.9 percent - all record highs.
The best regional result in Sydney this weekend was recorded by the lower north shore with an auction clearance rate of 87 percent. This was followed closely by the south with 86 percent, the inner west and the central coast each at 82 percent with the upper north shore at 81 percent.
Sydney’s weekend auction market can be expected to continue its record level mid-winter surge through August as indicated by the strong start to the month at the weekend. The real prospect of a cut in interest rates by the Reserve Bank this week will only add fuel to rising buyer activity and confidence, despite sobering economic forecasts."