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.

Thursday, 3 April 2014

Chart Pack day - March 2014

5 quick charts from the RBA Chart Pack to digest. You can see the rest of them here.

First up, household saving ratio is now beginning to fall. Aussies are enjoying lower mortgage repayments and are beginning to spend (retail) and invest (shares, property).

Household Saving Ratio graph

Building approvals are now at close to 20 year highs. This is great news for the rebalancing of the Australian economy. Property buyers should now be very wary of areas of apartment oversupply.

Private Residential Building Approvals graph

Household debt levels starting to turn up again a little, but essentially remain where they have been for most of the last decade.

Household Finances graph

Share markets and property markets are rising, and thus, we're getting wealthier again.

Household Wealth and Liabilities graph

Housing loan approvals are soaring. Is there just a hint of a slowdown there? The AFG numbers I analysed in more detail here said "no slowdown yet evident in Sydney", but perhaps elsewhere things may cool a little.

Housing Loan Approvals graph

And finally, dwelling prices. Regional areas perhaps picking up a bit now in aggregate, Melbourne continuing to defy gravity, Brisbane on the up and up...and Sydney housing to the moon.

Buyers in Sydney, as noted in several previous posts, need to be fully aware of which sectors of the market are oozing risk, and which have not yet taken off. 

The inner west has gone gangbusters for some years now, for example, and several other sectors have blown off now too. Do your due diligence.

Housing Prices graph