Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property buyers & WargentAdvisory (subscription market analysis for institutional clients).
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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.
Sunday, 26 October 2014
The best performing UK property markets are...
As long predicted on this blog: (1) Cambridge (2) London. Our two favourite UK property markets since starting out our journey, dwelling prices are a third higher than their 2007 peaks in both cities.
"The cities where house prices have surpassed their pre-crisis peak: Cambridge property outstrips London with 33% leap
-Cambridge property values have reached an average of £348,300
-Inflation outstrips even London where homes are up 29 per cent
Property values in Cambridge have rebounded more strongly than any other major city in Britain according to property analyst Hometrack.
Prices in the city have surged 32.5 per cent higher compared to their 2007 peak to reach £348,300 on average. This beats even London, where values sit 29 per cent above their peak at £398,700 typically.
It is also well connected, with frequent trains to London Liverpool Street and King's Cross taking roughly an hour and the M11 which also heads south, making it a popular hub for commuters.
In the summer, property website Rightmove said Cambridge had the 'hottest' housing market, with houses taking an average of 27 days to sell, compared to 39 the previous year.
Over the past year, London, Cambridge and Bristol have seen the strongest uplifts in values out of the cities looked at, while Glasgow and Leicester have seen the lowest increases, according to the findings.
The average London house price has increased by 18.1 per cent, or £61,000 in cash terms, over the year to September, while a home buyer in Cambridge would need to find 17.9 per cent or £53,000 more than they would a year ago."