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, 14 September 2013
City dwelling price indices
Over the past 12 months, as broadly expected the strongest performing capital cities have been Sydney (+8.24%) and Perth (+8.19%).
Sydney has more than 600 properties up for auction today, so the clearance rate must surely drop from its colossal initial reading of 88% on election weekend, when far fewer properties went under the hammer.
However, for 8 of the last 9 weekends Australian Property Monitors has seen clearance rates of above 80% so this will be the tough 'boomtime' benchmark for the market to beat this evening.
Melbourne has also seen strong price growth (+5.17%) in spite of its preceding boom.
The worst performing city - and the only major capital 'in the red' y/y - is Adelaide.
Prices in the South Australian have steadfastly refused to budge for years despite a now record low cash rate.
Source: RP Data