Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Monday, 27 January 2014

Sydney's newest suburb emerges from the earth...

At the King Street Wharf end of Barangaroo, Lend Lease is busily constructing a high rise commercial tower block. 

At the far end (Harbour Bridge/Rocks end) landscaping is underway to recreate the same contours as were present at the time of the first fleet, before the site was flattened.

Until recent years the area had been used as a shipping terminal. 

The site will also include parkland, harbour front apartments (with hefty price tags) and, eventually  in 2019, a new $1.3 billion Crown Hotel complex tower and VIP-only gambling casino. 

This assumes that the final permits are granted by the Independent Liquor and gaming authority. 

James Packer has pledged to do everything he can to make the hotel the finest in the world. The proposed designs, it has to be said, look stunning.