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

Wednesday, 1 January 2014

SQM: inner west prices going ballistic

I don't want to sound like a broken record, but it's long been my contention that Sydney's inner west has been the place in Australia to invest in property for long-term results.

SQM Research's Managing Director Louis Christopher kindly pointed me here to SQM Research's Vendor Sentiment Index which shows is what is happening to prices.

Kaboom.

The inner west markets have gone completely nuts. It's heading out of control and running into overvalued territory. 

Just to clarify the obvious: that ship has now sailed. 

My favourite investment type in inner Sydney tends to be 2 bedroom units (for years I've owned units in Sydney's inner west) because they offer a decent balance between affordability, liveability and yield.

Prices for 2 bedroom units are up 31.3% in 3 years. 

Asking prices for 3 bedroom houses are up 28.3% in the last 12 months...climbing the wall of worry?


Source: SQM Research

Interestingly, Christopher (worth following on Twitter by the way) highlights some of the poor places to invest: Cairns, Rockhampton, Gladstone (2014 to be "ugly"), Townsville, Mackay...and North Queensland in general. All previously nominated by some commentators as hotspots or places to seek higher yields.