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

Friday, 9 August 2013

Property markets strong...except Adelaide

Summary of RP Data reporting by Leith Van Onselen at MacroBusiness here.

The phrase "except Adelaide" is starting to become something of a familiar refrain in Australian property circles.

Reports MB:

"In the week ended 8 August 2013, the RP Data-Rismark 5-city daily dwelling price index, which covers the five major capital city markets, recorded a 0.35% increase. It was the ninth consecutive weekly rise in values.

Gains were recorded in all major capitals this week, except Adelaide.

Values are up 0.42% so far in July, with all major capitals recording rises, except Adelaide.

Since the end of last year, home values have risen by 4.98% at the 5-city level, with all markets experiencing gains except Adelaide.

Over the past 12 months, values have risen by 5.18% at the 5-city level, with all major markets experiencing increases except Adelaide."

Prices are up by 7% in Sydney and Perth in 2013 alone to new all-time highs, but down in Adelaide where prices have not bounced from their trough and remain more than 6% below their 2010 levels.