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.
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Saturday, 31 August 2013
Barangaroo...off with a bang
As expected the new release of apartments at Barangaroo generated so much interest that they were all sold within 3.5 hours, including the $10.5 million penthouse.
In recent years, people have erroneously suggested that Sydney's property market can't move higher due to affordability issues. Instead prices are rising very strongly and look set to continue to do so.
25% of the sales occurred interstate or off-shore, suggesting that foreign capital plays a significant role in pushing up prices close to the CBD in the major cities such as Sydney.
The new development selling at such premium prices is likely to continue to push up prices in adjacent suburbs such as Millers Point and Pyrmont.
"All the apartments in the first-release at Barangaroo sold out at Saturday's early morning launch, including the penthouse which sold for $10.5 million to an Australian expat living in Geneva.