Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & 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's 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & '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'.

Tuesday, 1 July 2014

Hyde Park

Thought I'd take a wander around Australia's oldest park t'other day for something different.

The ANZAC War Memorial is worth a visit, particularly for those with ancestors who fought in the Great War, and sits behind the 'Pool of Remembrance' aka. the 'Lake of Reflections'. 

The dark tower to the right of shot is the recently renovated The Hyde building of 157 Liverpool Street.

Take a look inside here - very swish.

I can't recall how much the penthouse sold for but the sub-penthouses were going for $4.5 million+ several years ago so...a lot.

It's not the only expensive real estate on Hyde Park these days, either.

The Residence on adjacent College Street - also recently renovated - saw its penthouse sold to a Chinese investor for $17 million, in part thanks to its (quite distant) Opera House and harbour views. 

It had originally been hoped that the penthouse would fetch more than $20 million.

If memory serves, the buyer purchased the apartments for his kids to use as student digs. 

It's the tower to the left of shot below. 

Imagine the parties...

I looked around the display suite up on the higher floors a few years ago when the tower was under reconstruction, but with even entry level prices starting at $1.3 million for 2 bedroom apartments, I felt there must be better value to be found in established stock. 

There usually is.