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).

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 finest 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.

Sunday, 27 April 2014

Erko continues to deliver

Erskineville - one of my favourite suburbs - it's the property market gift that keeps on giving.

Those of us fortunate to own investment property there might easily have seen up to 50% capital growth over the last 5-6 years or so.

I'm half tempted to put the word 'fortunate' in inverted commas, since I can remember when we bought in Erskineville friends telling me in no uncertain terms what a dumb idea it was.

"No-one wants to live in the inner west".

"It's a ghetto"

"The slums of the future!".

I could equally say the same about when we bought on the Sydney harbourside at Pyrmont all those years ago,

Actually, come to think of it, every single time we've bought property people have said it's a bad idea.

Maybe that's not coincidence, since buying when everyone is telling you it's a bad idea is likely also the time that you can pick up some of the best bargains.

As my missus said to me the other day, after 17 years of investing in shares and property, buying real estate has only ever brought us good news over time.

In the short term, there will always remain risks, of course, but in order to achieve success you do need to have the fortitude to overcome the downturns.

SMH reports here

"Erskineville has enjoyed a resurgence and is now what the selling agent Shane Turner, from Travers Gray Real Estate, said was ‘‘a very sought after area, and one of the most beautiful in the inner west’’.