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

Sunday, 18 August 2013

APM: Sydney's housing market is now "hotter than hot"

From red hot to white hot...and now "hotter than hot"!

From APM's market wrap - full report here.

"Another weekend and yet another exceptional 81.6% auction clearance rate was recorded by the Sydney housing market. Sydney has now recorded an extraordinary 6 consecutive weekend auction clearance rates above 80 percent.
Weekend auction clearance rates have averaged 81.6 percent over the past 6 weeks compared to an average of just 61.5 percent over the same period last year.
August is now set for the highest monthly auction clearances rate ever recorded by the Sydney housing market.  And this is despite a surge in auction listings over the month compared to August last year.
Sydney’s suburban regions recorded some outstanding auction clearance rates at the weekend with the west reporting a 93 percent rate followed by the upper north shore and the lower north shore each recording strong weekend auction clearance rates of 89 percent.
Latest ABS data confirms the strength of the Sydney market with New South Wales loans for dwelling purchases surging by 18.7 percent over the first half of this year compared to the same period in 2012."