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

Thursday, 29 August 2013

SQM: How is Sydney's inner west faring?

Regular readers will know that Sydney's inner west has been my number one property region tip for the past half decade (I've put my money where my mouth is too).

SQM produces an excellent vendor sentiment index, so let's take a look at how the inner west is going:



Source: SQM Research

Wow, the chart almost speaks for itself.

Asking prices for 2 bedroom units +22% over the last 3 years alone, a very handsome increase indeed for owners and speculators.

And look at what has happened to asking prices for houses, +17% in the past year alone.

Not much of a housing bust in Sydney's inner west, I'm afraid, as I've confidently predicted on this blog all along, even when the doom and gloom was being peddled.

Sydney has by far away the strongest fundamentals of the capital city markets at present, with stock on the market very tight and auction clearance rates at record levels.

It will be interesting to see how long that sentiment lasts.