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 better 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.
Saturday, 28 June 2014
Darling Harbour and Barangaroo are two monster developments I am keeping an eye on, and not only because I own property in the area at Darling Harbour.
The sheer scale of the projects mean that they are important to the city economy, with a projected spend of $8.5 billion from Lend Lease alone.
Last week, I took a detailed look at Barangaroo here, having spent a day down on the construction site.
This week, a quick look at Darling Harbour's regeneration, which Lend Lease are expecting to set them back the small matter of $2.5 billion.
The demolition phase is now complete, and the foundations are being laid for the new structures.
These massive projects have are still at the lower end of their S-curve and the big project spending is yet to come.
At Barangaroo for example, only 900 workers are presently on site per day.
This figure will increase to 2000 per day when the project really hits its straps.
Personally, I believe that construction work done in New South Wales will hit a record high at some point in the next year, which is excellent news for the state, and Sydney in particular.
Construction work done in chain volume measures terms has rebounded by around 40% in NSW since 2012 and looks set to hit record heights (click chart).
Darling Harbour is being reinvented as a world class location for tourists and city residents.
I, for one, can't wait to see the finished article.