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.

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Tuesday, 10 September 2013

Will Sydney property prices go higher in the coming 20 years?

My word they will. There is simply no way that land prices will become cheap with this kind of urban and infrastructure planning.

Until Australia moves away from the crazy idea that we have to cram ever more millions upon millions of us into a handful of popular locations located within a few kilometres of Central Business Districts and popular beaches, we are destined for higher dwelling valuations in those areas.

Prices in less popular suburbs away from the cities remain affordable enough, but younger Australians want to live near the action.

From SMH here:

"Sydney will have to meet the challenges of an ageing population and a ''baby boom'', according to the latest growth projections for the city's suburbs.

Figures released by the NSW Department of Planning and Infrastructure predict an extra 2 million people will call the state home by 2031, when its population is tipped to reach 9.2 million.

Sydney's growth is expected to accelerate at a faster pace than the state, with the overall metropolitan population projected to be 5.8 million in two decades - an increase on the 5.6 million used for the government's draft Metropolitan Strategy released in March."

The article continues:

"Urban Taskforce chief executive Chris Johnson said the projections showed Sydney would need 100,000 more homes than planned in the next two decades."