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 email@example.com
Thursday, 8 August 2013
BoE: ZIRP could run until 2016 (Brits re-inflate the housing market cash machine)
Well, well. Interest rates in Britain have been at a record low 0.50% since 2009.
Today, the new Bank of England head honcho, Canadian guv'nor Mr. Mark Carney, announced that rates would likely stay at that record low level for another three years in a bid to get unemployment down to 7% (from the 7.8% that it is at now).
This is potentially a hammer blow to savers and pensioners, and a speculator's wet dream.
Mortgage rates have recently become available on two-year fix from an all-time record rate of a ridiculously cheap 1.79% in Britain and the housing market is already breaking out to new all-time highs.
Throw in the Government's Help-to-Buy guarantee scheme and a developing chronic housing shortage in the south-east of England and there can surely only result a rapid inflation in that sector of the housing market.
Even the rest of the UK seems likely to see a property market recovery in such conditions.
The FTSE 100 is nervous about inflation spiralling and the potentially ensuing instability and thus closed down at a four week low.
In other Brit-news, UKIP pollie Godfrey Bloom, in a move no-doubt designed to gee up The Guardian readership, stated that the Britain should focus on getting its domestic economy back into shape and stop donating "billions in foreign aid to Bongo-Bongo land".
Sensing a news sensation, BBC Television's Look North took to the streets in order to determine whether the British public was outraged by the comments. Auntie's news-crew interviewed a willing Lincolnshire lady, who duly noted:
"I believe it is offensive to say that...just because they're black...to imply that they all just play bongos. There's so much more to them than that."
I think we can all be relieved that Look North got to the bottom of it and cleared that one up. Strewth. I booked my return flights to Sydney.