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.

Friday, 11 April 2014

Sydney set to smash records

The ABS released its Lending Finance data for February today.

Owner occupier lending increased by 1.9% seasonally adjusted, which is a strong upturn..

Lending increased across the board for personal finance and lease finance, and slipped for commercial lending.

But most of the figures were just noise as compared to the real story: Sydney property investors are setting records for amounts borrowed which is set to send prices to new record heights.

Investor finance commitments have increased in New South Wales (read: Sydney) by 55% over the past year.

With monthly data tending to be volatile, rolling 12 monthly investment mortgages showed a massive increase of 41% (click chart):

With investors making up more than half of the market at present and lending finance in NSW having increased by well over half in the past 12 months (the chart appears to be turning almost exponential) it stands to reason that the market is booming.

By way of contrast, investor finance commitments in other states remained relatively muted. 

In South Australia, investor loans have not increased in more than half a decade.

Other states have shown an upturn in investor lending, albeit in a far more sedate fashion.