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.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email pete@allenwargent.com

Friday, 11 October 2013

Interesting

Interesting to note that it was only comparatively recently that people were arguing that lower interest rates would not/could not influence the Australian housing market.

All available data now clearly shows that was not the case. 

Since their trough dwelling prices are up very strongly in Sydney (+14.5%), Melbourne (+10%), and Perth (+10%). 

Brisbane (+3%) and Adelaide (+3%) have also bounced albeit far more moderately.


Source: RP Data

Next up, no doubt, will be the argument that higher house prices don't impact consumer spending, which is another questionable line.

The Bank of England has previously had a crack at charting the correlation. Their conclusion? The links have historically been strong, but perhaps are now a little less close than they once were.

The ABS retail trade data showed a nice 0.4% seasonally adjusted increase in August, so watch this space.


Source: Bank of England