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

Tuesday, 27 August 2013

APM: Sydney's winter market "the strongest ever" due to investor activity

From Dr. Andrew Wilson of Australian Property Monitors:
"The Sydney auction market clearance rate at the weekend was 79 per cent, the first result below 80 per cent recorded for seven weeks.
Despite the small fall from last weekend's 81.6 per cent – which was also the average rate over the past six weeks – the Sydney auction market remains on record pace.
The all-time highest monthly Sydney auction clearance rate of 78.3 per cent was recorded in April 2002. Next weekend's final August – and winter – auction market will determine if that long-standing record is to be broken. Regardless of the result, the 2013 Sydney winter market will be the strongest ever recorded.
Some strong regional results were recorded at the weekend, with the south leading the way with an outstanding auction clearance rate of 92 per cent. The next best result was recorded by Canterbury Bankstown with 85 per cent, followed by the inner west with 82 per cent and the lower north shore with 79 per cent.

The latest ABS data confirms the significant role investors continue to play in the strong Sydney winter housing market. June data reports that the level of investor finance approved for home purchases in NSW reached an all-time high."

The ongoing level of activity continues in stark contrast the predictions of a bust over the last five years. 

Instead, price gains continue to be recorded. At this stage, there do not seem to be excessively high gains, rather the market steadily pushing up to all-time highs.