Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

5 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 finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete 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'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - & author of Things That Make You Go of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Wednesday, 26 March 2014

Lower north shore lift-off

Aha yes, very timely.

As I noted yesterday, our property pick for this year in late 2013 included a few key suburbs with great transport links on Sydney's lower north shore.

I covered off the reasons why we favour the lower north shore here, and added some more detailed thoughts in our summer edition of the Buyers Eye here.

Weekend results

From APM's weekend wrap:

"The hot Sydney weekend auction market continued on its merry way at the weekend recording its eighth consecutive clearance rate above the 80 percent. 

Clearance rates have been remarkably consistent over the past month fluctuating between these weekends’s 81.5 percent and the months high of 82.7 percent recorded on March 1st.

Vendors are keen to take advantage of Sydney’s best ever autumn selling conditions with strong competition for properties amongst buyers in most region and prices brackets."
Lower north firing
The lower north shore is really getting going now. Continues APM:
"After a quieter weekend last weekend the lower north bounced back this weekend with a stunning clearance rate of 92.5 percent.  
Next best was the city and east with 89.7 percent followed by the inner west with 86.8 percent, the south 83.7 percent, the south west 82.4 percent and the upper north shore and the northern beaches each with a clearance rate of 80 percent."
And, APM wraps it up:
"Sydney’s super autumn home auction market continues unabated with frenzied activity from buyers and sellers set to continue over the next three weekends to the Easter break. 

Next weekend is likely to present the market with its biggest test for year so far with nearly 800 properties due to go under the hammer. The pre-Easter rush is on."