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

Saturday, 28 September 2013

Boom time

As is usually the case in a market cycle, the media joins the party a year or so late, with one of Sydney's main newspapers leading this weekend with the headline: "It's Boom Time!".

Dwelling prices in Sydney are up by more than 9.5% in 2013 according to RP Data, and by 12.5% since their trough.

Price action in other cities has been rather more modest.

Today is a huge test for the Sydney housing market, with nealy 600 properties to go under the hammer.

It's AFL Grand Final day in Melbourne so only 46 properties being auctioned today - compared to 865 last weekend!

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In other news,  Barack Obama sounded mighty cheesed off in his speech which I caught (jet-lagged) last night, which an only mean it is that time again...debt ceiling.

Stocks fell in the US on Friday as the government faces a possible shutdown with the usual partisan squabbling taking place.

Ultimately, stock markets appear to believe that the debt ceiling issue will be resolved - failure to achieve a resolution would lead to the US economic recovery being kyboshed which is in nobody's interest (including the Republicans who doubtless have plenty invested in the share markets themselves).