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.

Monday, 29 December 2014

Double-Digit Growth Forecast for Sydney in 2015 (Inner/Middle Ring)

Sydney Leads Again in 2014

There has been a lot of excitement about house prices over the last 5 or 6 years, but the reality is that while prices in Sydney have been very strong, elsewhere there has not been so much to cheer.

Same again in 2014 really, which is once again what we expected to see.

CoreLogc-RP Data's Daily Home Value Index is a sea of green ink with prices rising everywhere, but the strong gains have only really been seen in Sydney.

"Sydney is tipped to once again outperform all housing markets in 2015 in what will be a more subdued year for property, according to most analysts.

With just a week to go until the end of 2014, property prices across the five capital city markets should end the year up about 8.4 per cent, according to the CoreLogic RP Data Daily Home Value Index.

The standout performer has been the country's biggest city, Sydney, where values climbed almost 13 per cent since January 1, fuelled largely by investor activity and pent-up demand."

Expect more of the same in 2015, with generally soft growth but another strong year for Sydney ahead, with Brisbane also now set to pick up its pace of growth after a lean half decade.

SMH again:

"Andrew Wilson, senior economist at Fairfax Media-owned Domain Group, said house price growth for most capitals in 2015 was likely to be "modest at best, hovering around the inflation rate".

"The prospects for housing markets in 2015 remain generally subdued. Concerns over the performance of the national economy are growing, particularly in regard to unemployment," Dr Wilson said.

While the official cash rate has been unchanged at a 60-year low of 2.5 per cent since August 2013 and could fall further in 2015, Dr Wilson warned: "Without improved economic conditions and the return of incomes growth and confidence, marginally lower interest rates however are unlikely to have a significant effect on housing markets."

Dr Wilson said the Sydney housing market was set to remain the best performer, with growth likely to be at least twice the inflation rate.

"A top-performing local economy and the continued undersupply of housing will generate consistent buyer activity over the year. 

Inner and middle ring mid-price range suburban regions are set to continue to record double-figure prices growth," he said."


We'll release our 2015 housing market forecasts tomorrow.