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

Tuesday, 8 October 2013

APM: Sydney's upper north shore and inner west star

From APM's Sydney property market wrap here:

"Sydney’s upper north shore produced the highest clearance rate at the weekend with a stunning 94 per cent from 18 auctions.
There were fewer auctions held across the city due to the long weekend - just 259 were scheduled - but the overall 81.8 per cent was identical to the week before when there were about 600.
The upper north shore’s 94 per cent was followed closely by the inner west’s 91 per cent from 81 auctions. The lower north shore scored 91 per cent from the 37 reported auctions and the south with 90 per cent from 70 auctions.
The west (26 auctions) and Canterbury Bankstown (24 auctions) were next best each with clearance rates of 82 per cent.
The Sydney auction market produced its highest ever auction clearance rate over September at 78.6 per cent as low interest rates and rising confidence continued to fuel buyer activity. Will October set another record result particularly as buyers and sellers seem set to bring forward their activity to take advantage of the strongest market conditions in a decade?
A weather eye needs to be kept for more signs of a deteriorating economy with the latest local unemployment rate of 5.8 per cent recorded over August the highest monthly rate recorded by Sydney since December 2011 and well ahead of the 4.2 per cent recorded a year ago over August 2012."