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.
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Wednesday, 1 January 2014
Will Sydney's property market continue to rise in 2014?
One of the best leading indicators available is SQM's Vendor Sentiment Index, which tracks how asking prices are moving.
It tends to tell a pretty good story of how sentiment in the market is tracking on a weekly basis.
Take a look at what is happening to Sydney's property market: it has been a rock solid performer.
Over the past quarter, the asking prices for houses have increased by 6.6% and the latest data shows that they are still climbing fast.
This is likely to be translated into price growth in the first half of 2014.
Over the past quarter, the asking prices for units have also increased by 3.6%.
While this is lower than the increase in asking price for houses, note that over 3 years the best performing property type has been 2 bedroom units, with asking prices have increased by a very solid 16.3%.
Source: SQM Research