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 Hmmm...one of the world's most popular & widely-read financial publications.

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

Saturday, 28 June 2014

AFR: Rezoning in Sydney

Read me in today's Australian Financial Review here where I discuss rezoning in Sydney:



A number of Sydney suburbs close to transport hubs have been earmarked as Urban Activation Precincts (UAPs) as Sydney desperately tries to address its dwelling shortage. 

Reported the SMH:

Bill Randolph, from the University of NSW's City Futures Research Centre, said the precincts were located in the right areas. "If this doesn't work then we're really stuck as a city," he said.

In these precincts, high rise blocks should begin to spring up, but predictably, in suburbs such as Randwick - which will benefit from the new light rail, with an anticipated completion date of 2019 - there will be huge community backlash and an avalanche of good, old-fashioned eastern suburbs NIMBYism.

Areas earmarked included parts of North Ryde, Macquarie Park, Epping, Wentworth Point, Homebush, Mascot, Randwick itself and along Anzac Parade from Maroubra to Phillip Bay.

Note how developers have been mopping up entire streets making instant millionaires of homeowners whose plots have been rezoned for high density residential development.