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

Monday, 14 October 2013

Neck on the block...

From Tracey Chandler's article here:

"Pete Wargent finds RP Data’s Daily Home Value Index ‘entertaining as always” and he believes that the capital cities are showing really promising signs, just the information that RP Data yields. In an article for the Street News, he talks about the Sydney property market in high regard.

I think that Wargent has been vindicated in being a loyalist of Sydney. He was the one who stuck his neck out and said “Sydney will do well” even when the pundits felt otherwise. For instance, Wargent talks about the month of June when negative consumer sentiment rising from the Federal Budget had made pundits predict a slide for Sydney.


Wargent, on the contrary, felt that Sydney’s intrinsic economic values/ fundamentals were firmly in place and that it should easily beat any predictions of bust.

And why is he vindicated? Well! Sydney home prices have recorded more than 7% rise since June (the month when pundits predicted a downturn).

In Wargent’s opinion, Sydney has better credentials than Melbourne to make the right kind of property market impact."

Hey, I like being vindicated. It's better than being...what's the antonym? Discredited? It will be interesting to see how the Sydney market fares through 2014.

Here are the 2013 year-to-date dwelling price movements per RP Data:

YTD dwelling prices: SYD +11.9%,  MLB +7.4%, PER +6.3%, BNE (incl GC) +2.0%, ADL +0.7%.

Interesting that the property experts have been tipping Adelaide for many years now, given that it remains the weakest performing market.

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China data ahead this week - we're looking for growth at around the 7.5% target. Most gauges have stayed nicely above the contraction level to date.